23.06.2016 - Saudi energy minister says oil glut has vanished
Saudi Arabia's new energy minister said the supply glut that kindled a crippling oil rout around the world and thrashed Houston's biggest business for two years has finally vanished. "We are out of it," Khalid Al-Falih said in his first newspaper interview since his rise to the most powerful job in the global energy industry last month. "The oversupply has disappeared. We just have to carry the overhang of inventory for a while until the system works it out."..............................................Full Article: Source
Print