Saudis look to boost oil supply as US dominates market

Published June 21, 2018 6:19pm ET



Saudi Arabia’s energy minister said Thursday he’s “optimistic” that OPEC will reach a deal Friday to boost oil production, which could help consumers at the pump.

“The most important thing is the consumers,” Khalid Al Falih said. “We’re not going to allow a shortage to materialize to the point that markets will be squeezed and consumers will be hurt.”

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