Oman oil minister says majority of OPEC and its allies support cut

Barrels of crude oil awaiting to be transported. [Photo: Courtesy]

ABU DHABI- A majority of OPEC and allied oil exporters support a cut in the global supply of crude, Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday.

“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.”