To Extend Or Not? – What The Ministers Say

“In my opinion by third quarter of this year we will be in a better shape as far as the oil market is concerned.”

- Qatar Energy Minister Muhammad al-Sada, 22 February

“During recent days we received a positive signal from Opec members and non-Opec contributors for extending this agreement for the second half of 2017.”

-Iran Oil Minister Bijan Zanganeh, 29 April

“There is a major logic in continuing the cut, but it’s a consensus decision and not an individual one.”

-UAE Energy Minister Suhail al-Mazru’i, 2 May

“We are discussing a number of scenarios and believe extension for a longer period will help speed up market rebalancing.” (CONTINUED - 149 WORDS)