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Saudi Aramco CEO predicts oil market balance by early 2017

Published Wed, Nov 2, 2016 · 09:50 PM
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Riyadh

THE global oil market should be balanced early next year, the president of Saudi Aramco said on Tuesday, after oversupply drove prices to multi-year lows in 2016.

"The gap between supply and demand is closing," Amin Nasser, who is also the state-owned oil company's chief executive, told an international energy forum.

KEYWORDS IN THIS ARTICLE

Saudi Arabia
oil

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