Saudi's Falih says still anxious about fragility of oil market: CNBC
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Wednesday, 24 January, 2018, 10:35
Saudi Arabia’s energy minister, Khalid al-Falih, tells CNBC in Davos he’s not convinced that the oil market has returned to balance, despite rising prices. - “While I‘m still anxious about the fragility of the market ... by and large we think we’re on our way, but we’re not there yet,” he said. - Oil prices have rallied to the highest since 2014 this year, trading above $70 a barrel, supported by an OPEC-led supply cut. - There’s an acceptance that the OPEC-led deal should extend beyond 2018, Falih said. |
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