Al-Faleh: Oil Markets are Recovering with Clear Indicators

[su_label type=”info”]SMA News – New Delhi – Agencies [/su_label][su_spacer size=”10″] Saudi Minister of Energy, Khaled Al-Faleh, indicated that there are clear indicators the oil markets are recovering. Al-Faleh predicted that oil storage will decrease during the current year. At the beginning of his two-day official visit to India, Al-Faleh indicated that the current period is witnessing weak demands due to seasonal factors as most refineries are under maintenance, but data is speaking for itself. Saudi minister indicated that many associations documented a decrease in their oil storage adding that will continue, as he believes, for the rest of the current year hoping that markets will stabilize soon.