Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday that the majority of OPEC and allied oil exporters support a cut in the global supply of crude.
“Many of us share this view,” the minister said when asked about the need for a cut.
Asked if it could amount to 500,000 or one million barrels per day, he replied: “I think it is unfair for me to throw numbers now.”
He was speaking in Abu Dhabi where an oil market monitoring committee was held on Sunday, attended by top exporters Saudi Arabia and Russia, Reuters reported.
“We need a consensus,” he said, indicating that non-OPEC Russia would need to approve any decision. Oman is also not a member of the Organization of the Petroleum Exporting Countries.
