Saudi oil minister Al-Fali says OPEC+ still working on which inventory metric to be used in the charter

Market news

2 July 2019

Saudi oil minister Al-Fali says OPEC+ still working on which inventory metric to be used in the charter

Says OPEC has agreed on draft cooperation charter with OPEC+
Says 9-month extension is to prevent 100 million barrels build-up
Says that all countries have promised to improve on compliance to cuts

Russia energy minister Novak: A new baseline timeframe for measuring stockpiles is possible

China: Good news from Osaka, weak PMIs – ABN AMRO

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