Saudi OilMin: Not reached target to reduce global inventories yet

Saudi Arabian oil minister Al-Falih crossed the wires last minutes, via Reuters, noting the following:

Not reached target to reduce global inventories yet

H2 performance expected to be better than H1

China’s NBS sets up special arm to combat fake data - BBG

Bloomberg carries a story on Thursday, citing that China’s top statistical authority set up a new supervisory arm to ensure authenticity of its data.
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Talks for extension of OPEC output pact ongoing - Kuwait OilMin

Kuwait’s Oil Minister Essam Abdulmohsen Al-Marzouq, as quoted by LiveSquawk, said that he expects extension of the OPEC's production cut agreement and
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