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Saudi energy minister says OPEC needs 'to stay the course' on supply cut pact

Saudi energy minister says OPEC needs 'to stay the course' on supply cut pact
FILE PHOTO - Saudi Energy Minister Khalid al-Falih speaks to the media during Saudi government ministers brief in Riyadh, Saudi Arabia December 19, 2018. REUTERS/Faisal Al Nasser   -   Copyright  FAISAL AL NASSER(Reuters)
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BAKU (Reuters) – Saudi energy minister Khalid al-Falih said on Sunday the job of OPEC and its allies was not done yet adding that the group of oil producers needed to “stay the course” at least until June when the current global supply cut agreement is due to expire.

Falih who was speaking at a press briefing in Baku, said Saudi Arabia’s oil production in April will be below its output target under the OPEC-led deal. “We will continue to lead by example and do what we have to do,” he said.

(Reporting By Rania El Gamal)

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