25 Aug 2016
Saudi Arabia energy minister has not discussed any specific action on a production freeze - RTRS
Saudi energy minister Al-Falih crossed the wires last minutes, via Reuters, saying that he hasn’t discussed any specific action on a production freeze.
Key headlines (via Reuters):
- 'No discussions of substance yet' on OPEC production levels
- Current Saudi oil production is around range of previous month
- Does not believe any significant intervention in market necessary
- Demand is 'picking up nicely' around the world