We’re not satisfied yet with markets, Saudi oil minister says

6 Oct 2017   Prices

The move by OPEC and non-OPEC producers to balance the market is working, but the work is not yet finished, Saudi Arabia’s oil minister said from Moscow. An energy forum under way in Moscow and St. Petersburg is about halfway through. Speaking at the conference, Saudi Oil Minister Khalid al-Falih said market recovery is apparent, and the success of the agreement is obvious, but producers can’t relax yet. “We will not be satisfied with what we have,” he was quoted by Russian news agency Tass as saying. “Until we reach the appropriate level of balance, until this goal is achieved we cannot finish our work.” The agreement, implemented in January, is designed to bring the global […]

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