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Khaled al-Falih

Saudi minister optimistic about oil market stabilisation

ABU DHABI: Saudi Energy Minister Khaled al-Falih said Thursday he was optimistic about a stabilisation of the oil market following an OPEC deal to cut output. "We believe that the agreement that we refer to between us and OPEC and non-OPEC members will hold," he said at an energy conference in the United Arab Emirates. Falih said Saudi Arabia had exceeded its pledges to cut production, without giving any figures. "I'm confident that, (with) the commitment of 25 countries and the growth in demand as well as decline…