From the FT:
Saudi Arabia’s new oil minister has signalled an end to the worst of the oil glut and indicated the Opec kingpin is preparing to reassert a degree of control over the market after two years of letting prices fall.
During a visit to the US, Khalid al Falih said that the kingdom would be “expected” to start balancing supply and demand as the market recovers, with the world’s largest oil exporter once again assuming its role as the global swing producer.
