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Minister of Energy of Saudi Arabia Khalid Al-Falih, as well as the newly elected Mohammed Barkindo OPEC Secretary General said that the world oil market are stabilizing, reports Reuters.

In Libya, two rival oil companies announced a merger

The heads of the warring Libyan oil companies agreed to merge, while recognizing the government the highest executive power in the country, reports Reuters. National Oil Corporation (NOC) of Libya was divided into two companies - the east and west, and they are regularly in conflict.

ECB: Britain expect inflation and recession after Brexit

After the Brexit, UK will face two challenges - inflation and recession in the economy, said member of the Board of Governors of the European Central Bank, the Governor of the Bank of France, François Villeroy de Galo, according to Reuters.

Until the end of the year Novak may meet with the new head of OPEC

Russian Ministry of Energy plans by the end of the year to organize a meeting with the new head of OPEC Mohammed Barkindo, reports RIA. "After August 1, we get in touch with the OPEC Secretariat to make an appointment," - said the head of the International Relations Department of Energy Roman Marshavin.

RBC

Saudi Arabia and OPEC have noticed that the movement of the oil market is towards balance

The oil market is moving towards balance, according to Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid al-Falih and Muhammad Barkindo OPEC secretary general. On Sunday, they met in Dhahran, Saudi informs SPA.