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Transcripts For BLOOMBERG Bloomberg Markets Middle East 20170725

Speaking to bloomberg. Riyad turns up the heat in the gulf, adding new names to the list of terror groups. A secondquarter results show rising costs, sales improved but miss the most bullish forecasts. And of course, oil gaining for a second consecutive day. Yousef, did you see anything leading to this . Yeah, just a general sense speeding into sentiment that opec and nonopec look is the course. There were no major surprises, but they did say they will improve their way, listening to the market, what metrics they are looking at. Youre going to take compliance more strictly, and they are not going to take the countries who are not pulling their weight continue to do that. The other key thing is nimbleness, absolutely crucial. They will continue to have a level of agility to react to market conditions. For now, they will continue to stay on course. Got supply coming down that will help rebalance the market and ultimately feed into the broader price. The ceo says they are improving spread ....

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