“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 receiving his appointment to head the oil ministry last month. “The oversupply has disappeared. We just have to carry the overhang of inventory for a while until the system works it out.”

“The question...

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