Minister Khalid al-Falih:
OPEC 'very satisfied' with oil market
Saudi energy minister Khalid al-Falih
Vienna - Arab Today
OPEC is "very satisfied" with the oil market, with a "rebalancing" expected to help boost further the price of crude, Saudi Arabia's new energy minister said Thursday at a meeting of the cartel.
"Everybody is very satisfied with the market. The market is rebalancing as we speak. Demand is extremely healthy and robust. Non-OPEC supply is declining. Prices will respond to the rebalancing of the market," Khaled al-Falih told reporters.
Source: AFP
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