• Saudi Oil Minister warned of the risk of inadequate supply, if the investment in the sector will continue to decline and the oil market conditions continue to improve

Market news

19 October 2016

Saudi Oil Minister warned of the risk of inadequate supply, if the investment in the sector will continue to decline and the oil market conditions continue to improve

  • the drop in oil prices comes to an end

  • an agreement on the reduction of oil production will support the rebalance

  • world oil demand is growing against the background of improved economic situation

  • the global oil and gas industry needed capital investments in the amount of 24 trillion dollars

  • many oil-producing countries want to cut production by "healthy level"

  • the meeting in Istanbul will bring closer the positions of the OPEC countries and countries outside the cartel

  • OPEC's agreement will allow to investment in the oil sector, which is not sufficient

  • many oil-producing countries want to seriously reduce production


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