January 13, 2018 / 3:51 PM / 4 months ago

Qatar energy minister views supply cut deal exit talk as premature: QNA

DUBAI (Reuters) - Qatar energy minister Mohammed al-Sada said it is premature to discuss an exit strategy from a global oil supply-cutting pact, state news agency QNA reported on Saturday.

Qatar's Minister of Energy Mohammed al-Sada gestures as he speaks to the media in Doha, Qatar February 8, 2017. REUTERS/Naseem Zeitoon

And he supports the continuation of the agreement, al-Sada was quoted as saying in an interview.

Only when global oil inventories returned to the five-year average should work begin on an agreement suited to the market conditions, al-Sada said.

Reporting by Rania El Gamal; writing by Hadeel Al Sayegh; editing by Alexander Smith

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