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OPEC, non-OPEC committed to cutting inventories to 5-yr average-Falih
May 31, 2017 / 7:28 AM / 3 months ago

OPEC, non-OPEC committed to cutting inventories to 5-yr average-Falih

MOSCOW, May 31 (Reuters) - Saudi Energy Minister Khalid al-Falih said on Wednesday OPEC and non-OPEC were committed to their goal of reducing global oil inventories to a five-year average, saying he saw this goal being reached in the very near future.

Russian and Saudi energy ministers also said they saw their cooperation in oil markets lasting longer after the current joint oil output agreement expires in March next year.

Reporting by Dmitry Zhdannikov and Vladimir Soldatkin; Writing by Dmitry Solovyov; Editing by Maria Kiselyova

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