Saudi energy minister says OPEC must "stay the course" on the supply-side pact



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PHOTO FILE – Saudi Energy Minister, Khalid al-Falih, addresses the media at a Saudi government ministers conference in Riyadh, Saudi Arabia, on December 19, 2018. REUTERS / Faisal Al Nbader

BAKU (Reuters) – Saudi Energy Minister Khalid al-Falih said Sunday that the work of OPEC and its allies has not been completed yet, adding that the group of Oil producers had to "stay the course" at least until June, when the reduction in the current global supply agreement must expire.

Mr Falih, who was speaking at a press conference in Baku, said Saudi Arabia's oil production in April would be below its production target under the oil price. Agreement led by OPEC. "We will continue to show the example and do what we need to do," he said.

Reporting by Rania El Gamal

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