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Trading news
7 May 2018
Saudi OilMin: oil market is in better shape now after OPEC cuts - RTRS
Continuing with his earlier comments, Saudi Arabia's Energy Minister Khalid Al-Falih was further noted saying, via Reuters, that oil market is in better shape after OPEC cuts.
Additional comments:
• Concerned about tight spare capacity.
• Have to wait until OPEC meeting in June to determine what the target is.