Saudi Arabia doesn't rule out more oil cuts

Saudi Arabia's Energy Minister Khalid al-Falih does not rule out another oil production cut but stressed that the kingdom will not take any unilateral action, the Al Sharq Al Awsat newspaper reported.

"The prospect of continued output cuts is on the table, and if any further action is needed, whether to extend or change production levels, it will be studied in a timely manner and agreed upon by all the producers," Reuters cited Falih as saying.