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Oil's down cycle is coming to an end, says Saudi oil minister

"Market fundamentals, in terms of supply and demand, have begun to improve," Falih said

Khalid al-Falih

Khalid al-Falih

AFP Riyadh
Saudi Oil Minister Khalid al-Falih said today that the current down cycle of crude prices is close to an end as market fundamentals improve.
 
"The current down cycle is nearing an end," Falih told a joint press conference with his Russian counterpart Alexander Novak after a Gulf ministerial meeting in Riyadh.
 
"Market fundamentals, in terms of supply and demand, have begun to improve," Falih said.

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First Published: Oct 23 2016 | 6:30 PM IST

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