• Saudi Energy Min: Russia One Variable and a Complex Formula

Market news

6 December 2018

Saudi Energy Min: Russia One Variable and a Complex Formula

  • Ideally Cut Will Be to 3Q 2019

  • Trump Is Right to Care About 20% of Market

  • We Are Ready to Deal With Consequnces Either Way

  • Would Have Preferred if Qatar Stayed in OPEC

  • Qatar Would Have Been Better off Remaining a Member

  • We Prefer November as a Baseline for a Cut, But Accept October

  • Saudi Exports 8.3M B/D

  • Our Budget Is Very Comfortable

Saudi Energy Min: No Discussion With U.S. Over Prices
Saudi Energy Min: As of Now We Don't Have an Agreement
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