Saudi Energy Minister: Oil markets balance during the first quarter of 2019

Media In Abu Dhabi – 13 January 2019 –
The oil markets do not need an emergency meeting of the Organization of the Petroleum Exporting Countries (OPEC) before the meeting scheduled for next April, expected to restore balance in the oil markets during the first quarter of this year, said Khalid Al-Falih, Saudi Minister of Energy, Industry and Mineral Resources.
Speaking at the World Energy Forum in Abu Dhabi, Al Falih affirmed Saudi Arabia’s commitment as a major oil supplier, pointing out that the Kingdom Vision 2030 will boost the development path in the region.
He disclosed that Saudi Aramco is in the process of issuing bonds during the second quarter of this year and will be less than $ 10 billion.