Saudi OilMin Al-Falih: There is no agreement yet to cut oil production

Saudi Arabia’s Energy Minister Al-Falih is reported by Reuters, as saying:

Optimistic there will be an overall agreement.

Hopes to conclude something by the end of tomorrow.

Oil price slide is not in the interest of OPEC members.

Important to have non-OPEC members on board.

Options include cuts of 500k to 1.5 million bpd.

A 1 million bpd cut by OPEC+ would be enough.