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Oil market heading towards rebalancing: Qatar minister

SLIPPING INVESTMENTS: Mr Al-Sada says he sees huge shrinkage in investments in the oil industry because of the recent price weakness, "which can lead to shortage down the road".


GLOBAL oil markets are heading towards rebalancing, Qatar's energy minister said on Friday, a day after the Organization of the Petroleum Exporting Countries (Opec) failed to agree on a clear oil output strategy at a meeting in Vienna.

"It was a successful meeting, it was