Saudi OilMin optimistic, deal will be reached by Nov. 30

Saudi Arabia’s oil minister Khalid al-Falih was on the wires last minutes, via Reuters, sounding optimistic on the Algerian OPEC oil cut deal.

Key Quotes:

“Not unthinkable to see $60/b by year end. But my eyes not on the price. I look at supply/demand”

“OPEC's mission is clear: "reasonable" coordinating action. There's a time for everything”

“Is time to do ‘something different’ than 2014 market forces between 2014 and now have shifted”

“Saudis prepared to deal with ‘whatever price’ emerges”

“No reason to panic about kingdom's financial balance sheet”

“Doesn't believe there will be stranded oil reserves & demand will ultimately peak”

*Saudis want #oil ceiling to accommodate Libya, Nigeria”

“Optimistic deal will be reached by Nov. 30”