		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>Saudi Arabia&#8217;s energy minister has said that there is a chance of another production cut from Opec countries this year.</p>
<p>Speaking at the World Economic Forum at the Swiss ski resort of Davos, Khalid Al-Falih said he &#8220;would not exclude&#8221; another cut to follow last year&#8217;s December agreement if higher prices do not stick.</p>
<p>He noted that in the past the Opec oil cartel has often had to cut production more than once to stabilise the market.</p>
<p>Another option, he said, is that the recently agreed on production cut could be extended further. However, he says oil ministers do not want to create a shortage too early.</p>
<p>Oil prices are trading at over 50 US dollars (£40) a barrel, nearly double the level they were a year ago.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed78e99b99b">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed78e99b99b',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
