26.09.2016 - World Oil Market May Re-Balance in Late 2017 - Russian Energy Minister
The comment comes ahead of an expected informal Organization of the Petroleum Exporting Countries (OPEC) meeting with non-OPEC oil producing countries on the sidelines of the International Energy Forum (IEF) on September 26-28 in Algeria. "Everything will depend on demand, supply and on the economic situation in oil consuming countries. All of this must be analyzed. I predict that next year should already see restored demand…I think we will see a balance between demand and supply in the second half of the year…maybe even due to market forces [alone]," Novak told reporters..........................................Full Article: Source
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