RIYADH—Saudi Arabia’s energy minister said Wednesday that the oil-rich kingdom and the OPEC cartel were committed to sticking with petroleum-production cuts for the rest of the year, even if they “overbalance the market a little bit.”The remarks by the top Saudi oil official, Khalid al-Falih, came a day after an International Energy Agency report contended that a new wave of U.S. crude production could undermine the kingdom’s efforts to raise petroleum prices with its output cuts.

Source: Wall Street Journal February 14, 2018 15:22 UTC