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Saudi EnergyMin: Main scenario is 1 mln bpd cut, no decision yet

Speaking to reporters while leaving the OPEC headquarters, Saudi Arabia’s Energy Minister said that the main scenario was an output cut of one million barrels per day.

Key quotes (via Reuters)

  • No decision yet.
  • Not sure if Russia is on board for cuts deal. Still wants Russia to cut as much as possible.
  • Not confident of an agreement tomorrow.

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