Saudi’s Al-Falih: Output cut deal is unprecedented step; market rebalance will take its time

Livesquawk reports comments from Saudi Arabia’s energy minster Khalid Al-Falih, welcoming the oil output cut deal.

Key Headlines:

Output cut deal is unprecedented step that will be followed by high commitment & we will see impact on supply and demand

Market rebalance will take its time because fundamentals are what matters in the end