Al-Falih still 'anxious' about oil market conditions

24/01/2018 Argaam

 

Saudi Arabia’s energy minister Khalid Al-Falih has said he is not convinced that the global oil market has returned to balance, even if crude prices have rallied over the past two months.

 

"I'm still anxious about the fragility of the market (and) about the potential black swans that may spring in front of us. By and large, we are on our way but we are not there yet,” Al-Falih told CNBC on the sidelines of the World Economic Forum in Davos.

 

Crude oil futures are currently trading near three-year high, boosted by output-cut deal signed by OPEC member and 10 other producers in 2016.

 

The agreement is set to continue until the end of this year.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.