Saudi Arabia wants OPEC to boost oil supply to keep its customers satisfied. And it thinks other producers will agree.
Saudi Energy Minister Khalid Al-Falih said Thursday that OPEC members and other countries who agreed in November 2016 to cut output should increase supply by about one million barrels per day to prevent a shortage.
“That would be a good target to work with,” Al-Falih said on the eve of an OPEC summit in Vienna, Austria.
