Saudi oil minister says more work needed to lower inventories
JEDDAH (Reuters) - Saudi Arabia’s Energy Minister Khalid al-Falih said on Friday global oil inventories had declined from their peak but had not yet fallen far enough.
“Today (inventories) are still about 2.8 billion barrels, they are significantly below the peak in 2017 of 3.12 (billion barrels) but still above the time when the glut started to materialise,” he told reporters during a ministerial panel meeting of OPEC and non-OPEC producers in Jeddah.
“We have to be patient, we don’t want to jump the gun, we don’t want to be complacent and listen to some of the noise that ‘mission accomplished’ and things of that sort,” Falih said.
Falih also said there remained many variables in the market as demand was uncertain and new supplies were emerging at a quicker pace than anticipated.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
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