Oil market rebalancing outlook still intact: analysts
Saudi Arabia's new oil minister lends weight to the policy of the country maintaining its market share
Singapore
SAUDI Arabia, the world's largest oil exporter, is digging in its heels on the oil policy that it started in late 2014, with the appointment of a new oil minister, analysts say.
With oil production from the US expected to continue declining, they are therefore expecting no change to the market consensus of a rebalancing in oil supply and demand toward the end of the year, or early next year.
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