Saudi Arabia says oil output increase of 1 million bpd is a good target to work with - ConsultFX

Saudi Arabia says oil output increase of 1 million bpd is a good target to work with

Further comments by Saudi Arabia's oil minister Khalid Al-Falih Pretty much setting the market expectations here. Al-Falih sure sounds confident on the matter, and the continued talks of oil output increases have sent oil tumbling further.