IEA TRUSTS SAUDI
The head of the oil consumers' watchdog group said on Thursday that he believed top exporter Saudi Arabia would "act responsibly" in the market, citing its reputation in helping balance global supplies.
The comments by Fatih Birol, who took over the top role at the International Energy Agency in September, came in response to a report that the kingdom would make a surprise proposal to other OPEC members meeting in Vienna to cut output next year, provided certain stringent conditions were met.
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