Saudi Energy Minister, OPEC's SG Discuss Developments in Oil Markets

Saudi Minister of Energy and Industry and Mineral Resources Khalid bin Abdulaziz Al-Faleh met in the city of Dhahran with Secretary General of Organization of Petroleum Exporting (OPEC) Mohammed Barkindo. 
During the meeting, they exchanged views on the oil market situation, data and global supply and demand for oil, and agreed that the oil market is heading for a balance, and prices began to settle. 
The meeting also touched on the importance of cooperation between the main producers and consumers of Petroleum, and work on the continuation of these efforts in order to serve all parties of the oil market and the global economy. 
Al-Faleh pointed out that the Kingdom of Saudi Arabia is seeking, through OPEC, to continue to play its role in meeting the growing global demand for oil and by ensuring the reliability of oil supplies flow.

Source ; QNA