OPEC, Allies To Ink Supply Deal In December


Askin Kiyagan | Anadolu Agency | Getty Images

Saudi Arabia hopes OPEC and other oil producers will sign a deal in December to extend cooperation to monitor and stabilize the oil market, said the kingdom’s energy minister on Tuesday.

Khalid al-Falih said at an investment conference in Riyadh that the oil market was in a “good place.”

The comment came amidst fears over possible sanctions from the U.S and other western nations on the death of Washington Post Columnist Jamal Kashoggi inside the Saudi embassy in Turkey.

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