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Saudi Aramco CEO predicts oil market balance by early 2017

Published Wed, Nov 2, 2016 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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.

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