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Commodities Briefing - Categorized | Market Moves, Oil more

Oil markets are balanced, Saudi, Iranian oil officials say

Posted on 03 October 2011

Global oil demand is balanced with supply, said officials from OPEC’s two largest producers Saudi Arabia and Iran, as the group evaluates the outlook for economic growth and the return of Libyan output.
Markets are “stable and in balance,” Saudi Arabian Oil Minister Ali Al-Naimi was cited by Asharq Al-Awsat newspaper as saying yesterday in Riyadh. “The kingdom is ready to play a positive role to ensure the stability of the market.”………………………………………Full Article: Source

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