Saudi’s say Oil Market is Balancing

The Saudi Arabia Energy minister, Khalid-al-Falih, in a statement said that Saudi Arabia is striving to stabilize the oil market. In a climate meeting in Berlin, Al-Falih said, "In doing so, the Kingdom secures the flow of oil supplies as it retains a spare production capacity.” He made similar statements earlier in Dhahran to the new OPEC Secretary General, Mohammed Barkindo.