November 7, 2018 / 11:46 AM / 11 days ago

OPEC, non-OPEC return to oil cuts in 2019 can't be ruled out-source

LONDON, Nov 7 (Reuters) - A return to oil production cuts by the OPEC and non-OPEC alliance in 2019 cannot be ruled out, a senior OPEC source said on Wednesday, to avert a possible supply glut that could weigh on prices.

The source was responding to a report by Russia’s TASS news agency that Russia and Saudi Arabia had started bilateral discussions over possible 2019 oil production cuts.

A ministerial committee of some members of the Organization of the Petroleum Exporting Countries and allies meets on Sunday in Abu Dhabi to discuss the market and outlook for 2019. (Reporting by Alex Lawler; Editing by Dale Hudson)

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