Energy Policy

OPEC and its 10 non-OPEC partners have agreed to restore compliance with their production cuts to 100%.

Saudi Arabia and its allies estimate that total cuts now amount to 2.8 million barrels.

Falih said any raising of output would be measured.

Higher oil prices help U.S. shale producers.

China'.s aggressive riposte to Trump took some in the industry by surprise.

Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output.

The producers meet on June 22-23 in Vienna and will discuss a gradual easing of the supply cut.

Move comes after White House imposed tariffs on $50 billion of Chinese goods.

At the last OPEC meeting in Vienna. the agreement was again extended until the end of 2018.

Saudi Arabia has enjoyed diplomatic ties with the US for decades.