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© Reuters. PHOTO FILE: Saudi Energy Minister Khalid al-Falih Speaks at Indo-Saudi Forum in New Delhi
BAKU (Reuters) – The Saudi energy minister said Sunday that he was optimistic about continuing the commitment to the supply reduction agreement. in oil between OPEC and non-OPEC members.
"I am obviously optimistic about the implementation of our OPEC + agreement, it is already solid by historical standards," said Khalid al-Falih on the sidelines of the Joint Ministerial Monitoring Committee meeting in Baku.
Overall compliance with the cuts in the first two months of this year is below the levels seen in 2017 and 2018, but oil producers "will catch up very soon," he told reporters.
Saudi Arabia and other oil producers, such as Azerbaijan, will continue to work together to manage the stability of the oil market, he said.
"We will not allow any event to jeopardize energy security, but we will not let investors and oil and gas companies remain perplexed without knowing what the future will bring in terms of a stable environment in the future. which investments can flow "to the sector," he told reporters.
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