Saudi OilMin Falih: Optimistic Algeria deal will be implemented - BBG

Saudi Arabia’s oil minister Al Falih is now crossing the wires, via Bloomberg, sounding optimistic that an agreement on oil output cut will be reached at the Vienna meeting likely to be held later this month.

Key Headlines:

Optimistic Algeria deal will be implemented

32.5m b/d ceiling at OPEC to help producers, consumers

32.5m b/d ceiling at OPEC to speed up market balance

Optimistic the Algeria agreement will be fair & balanced between nations

Optimistic on transparency monitoring regarding agreement & mechanism of production cut

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