LONDON (Bloomberg) -- Saudi Arabia has insisted there’s no connection between plans to sell part of its state oil giant and an OPEC strategy that supports crude prices. But within days, it’s hesitated on the time-frame for both.
On Jan. 21, Saudi Energy Minister Khalid Al-Falih indicated it could be next year before OPEC and its allies can clear a supply glut. This could force the Organization of Petroleum Exporting Countries to extend its production curbs, he told reporters in Oman’s capital Muscat, as global oil markets might not rebalance as anticipated in 2018.
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