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Saudi energy minister says oil market views almost identical to US

Thursday, 23 June 2016

Oil markets are improving as supply and demand are almost balancing, Saudi Arabia's energy minister said in comments aired on Thursday. "We see that the market has returned into balance. Supply and demand are almost equal," Khalid al-Falih told Saudi-owned Arabiya television. "The markets have started to improve in response to this balance," he said. Falih is in the United States accompanying Saudi Arabian Deputy Crown Prince Mohammed bin Salman on a visit aimed at repairing frayed relations with Washington and to promote an economic transformation plan to reduce the kingdom's dependence on oil.

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