Saudi OilMin Al-Falih: Saudi aims to stay within voluntary output target in July

Further comments crossing the wires from the Saudi Arabian Energy Minister Al-Falih are as follows:

Price needed to sustain investment ‘well north’ of today.

Prices of $60/b don’t give enough confidence in the industry to invest.

Saudi aims to stay within voluntary output target in July.

I don’t want to engage into boosting production to compensate for lower oil price.