Quotes from the news wire:
Saudi Arabia, OPEC and non-OPEC... are continuing their cooperation this year and beyond, it is not something temporary, it is going to be a long-term cooperation for the sake of a stable oil market, however, if any shortage takes place, the producers will coordinate closely and promptly take necessary actions. The OPEC and non-OPEC agreement will remain in place. But the level of the cut may be adjusted if a physical shortage arises.
Saudi Arabia favours a gradual approach to increase output to compensate for any unplanned outages. The decision about the timing and amount of oil to raise will be decided when the ministers meet in June, the increase in output will be dictated by market conditions and all the numbers circulated about size of the increase or the timing are mere speculation.
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