By: Mohamed Idris
Riyadh – Mubasher: The oil market is expected to be balanced in the first half of 2017 after oversupply led to two years of low prices, according to Amin Nasser, the CEO of Saudi Aramco.
The gap between supply and demand is likely to narrow, Nasser added on the sidelines of Energy Dialogue 2016.
The Kingdom is committed to meet the energy needs of China, India and other developing economies in order to reach a more environmentally sustainable future, Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, said.
Translated by: Julian Nabil
