Saudi energy minister Khalid al-Falih said on Sunday there has been a build-up i...
FILE PHOTO: Saudi Energy Minister Khalid al-Falih speaks at a news conference in Riyadh, Saudi Arabia January 9, 2019. REUTERS/Faisal Al Nasser/File Photo
BAKU - Saudi energy minister Khalid al-Falih said on Sunday there has been a build-up in oil inventories despite a decline in output from Iran and Venezuela. Falih also told a press briefing in Baku that compliance for an OPEC+ deal in March would be “above 100 percent”, adding that Saudi oil output would not continue indefinitely to compensate for other producers.
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