Global oil stocks are likely to decline by the end of Q1 2019, according to Saudi Arabia’s energy minister, Khalid Al Falih. Supplies have already started to fall in the last few weeks, he said. The kingdom is expected to cut its production capacity from current levels in 2018 and will not increase output until 2019.
Global oil stocks are likely to decline by the end of Q1 2019, according to Saudi Arabia’s energy minister, Khalid Al Falih. The kingdom is expected to cut its production capacity from current levels in 2018 and will not increase output until 2019.