Saudis Pledge Crude Export Cut at St. Petersburg Meeting

OPEC and non-OPEC officials announced their expectation that the rebalancing of oil markets will accelerate in the second half of 2017 as a result of sharply stronger global oil demand growth and pledged to clamp down on member countries violating their production targets at the conclusion of the 4th Meeting of the Joint Ministerial Monitoring Committee in St.

Saudis Pledge Crude Export Cut at St. Petersburg Meeting
Khalid al-Falih, Saudi minister of energy, industry, and mineral resources, attends a news conference after OPEC's meeting in Vienna, Austria, May 25. (AP Photo/Ronald Zak)

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