Kuwait's OPEC governor Nawal Al-Fuzaia expects the oil market to balance in the second half of this year

Market news

5 April 2016

Kuwait's OPEC governor Nawal Al-Fuzaia expects the oil market to balance in the second half of this year

Kuwait's OPEC governor Nawal Al-Fuzaia said in a speech on Tuesday that she expected the oil market to balance in the second half of this year, driven by higher oil prices.

She also said that a deal on the freeze of the oil output between OPEC and non-OPEC countries will be reached at the meeting on April 17.

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