Saudi energy minister says worst is over for oil market

Barkindo at a news conference in Vienna, Austria in November 2017. – REUTERSPIXSaudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday that the worst was over for the oil market.

The Organization of the Petroleum Exporting Countries and allies including Russia made a record oil output cut in April as the pandemic hit demand. They are scheduled to increase output in January as part of a gradual easing of crude supply curbs. Mohammad Barkindo, asked at CERAWeek if the second wave of the virus required any changes to Opec+ strategy, said hopes earlier this year of a demand rebound had been disappointed.

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It will be business as usual if there is an Emergency, says deputy ministerDeputy Energy and Natural Resources Minister Ali Biju says this will not entail military rule and the stock market can function as normal. FMTNews Sabah Just no elections ya 🤣🤣🤣 this guy probably made a rogue statement and now wish us would have kept his mouth shut doover Bloody frog
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