Oil market likely to be well balanced in 2019, says Saudi energy adviser
PARIS, April 19 (Reuters) - Ibrahim al-Muhanna, an adviser
to the Saudi energy minister, said on Friday he expected the oil
market to be "well balanced" this year.
"This year, we have seen the implementation of the OPEC Plus
decision. It is possible to extend the cut until the end of the
year depending on market conditions," al-Muhanna told an oil
summit in Paris.
The OPEC+ group agreed last year to cut production, partly
in response to increased U.S. shale output.
(Reporting by Bate Felix; Writing by Richard Lough; Editing by
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