home Finance, Oil Prices, Oil Stocks Qatar Predicts Oil Market Balancing in 3rd Quarter of 2018

Qatar Predicts Oil Market Balancing in 3rd Quarter of 2018

Qatari Energy Minister Mohammed al-Sada predicts that the 3rd quarter of 2018 will bring balance after several years of supply glut.
The Qatari Energy Minister spoke with Reuters at the World Economic Forum in Davos.

Qatari Energy Minister Mohammed al-Sada told Reuters that oil markets should reach balance after several years of supply glut some time in the third quarter of 2018.

According to the article in Reuters, “al-Sada said the majority of the surplus has been taken away by the market but he still sees excellent opportunities for OPEC and non-OPEC members to continue cooperation beyond 2018.”

10 views