Tuesday, July 14, 2026
Saudi Oil Minister Khalid al Falih

The Glut is Over – Saudi Oil Minister

“Supply and demand are almost equal”- Khalid al-Falih Global oil markets are improving as supply and demand come back to parity said Saudi Arabian Oil Minister Khalid al-Falih. The global glut that sent oil prices tumbling at the end of 2014 is over now, according to Falih. “We are out of it,” he said in his first newspaper interview since