Saudi OilMin: Need to release 1 million bpd in supply

Saudi Arabian Oil Minister Khalid Al-Falih was reported by Reuters as saying that markets are in need of more oil.

Key Headlines:

Need to release 1 million bpd in supply.

The market needs more oil.

We will have to come to a decision that satisfies all stakeholders.

Consumers are asking for more oil supplies.

Some members have said they can’t increase, discussions still ongoing.