Saudis Say OPEC+ Cuts Provided US Shale Lifeline



Saudis Say OPEC+ Cuts Provided US Shale Lifeline
Saudi Arabia's energy minister has no quarrels with U.S. shale and even sees output cuts by OPEC and its allies as directly aiding American drillers.

If more needs to be done for oil, “we will do it,” Al-Falih said. “If we look beyond the noise of weekly data and vibration in the market, I remain convinced we are on the right track.”

--With assistance from Mohammed Aly Sergie, Manus Cranny, Hussein Slim and Giovanni Prati.To contact the reporters on this story: Mahmoud Habboush in Abu Dhabi at mhabboush@bloomberg.net ;Verity Ratcliffe in Dubai at vratcliffe1@bloomberg.net ;Anthony DiPaola in Dubai at adipaola@bloomberg.net To contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net Mohammed Aly Sergie, Bruce Stanley


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