Top OPEC Official Says Saudis Didn’t Make Oil Output Threat
- Saudis made ‘constructive’ contributions at talks: Barkindo
- Oil erases recoups earlier losses, remains lower for the week
Is OPEC's Credibility Crumbling?
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Saudi Arabia didn’t threaten to increase its oil production if other OPEC members wouldn’t agree to make cuts, said the group’s top official.
“Their contributions as usual were constructive” at talks with other members of the Organization of Petroleum Exporting Countries in Vienna last week, Mohammed Barkindo said Friday.