Saudi energy minister: artificial output ceiling would be premature
June 02 2016 05:55 PM
Saudi Arabia's Energy Minister Khalid al-Falih (L) talks to journalists before a meeting of OPEC oil
Saudi Arabia's Energy Minister Khalid al-Falih talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria

Reuters/Vienna

Saudi Arabia's new Energy Minister Khalid al-Falih said on Thursday it would be premature to set any artificial ceiling on oil production, after OPEC failed to agree on output policy.
He said he was not worried about an influx of shale oil with crude prices at $50 per barrel.

Last updated: June 02 2016 06:11 PM


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