Saudi Arabia's oil minister Khalid Al-Falih still on the wires
- A lot of the glut in the oil market has been cleared
- Will not stand by and let another glut resurface
- OPEC seeks close balance between supply and demand
While there may not be a set target price, I'm very sure he would not want to see oil prices slip back to the $40 levels again.
Meanwhile, we're also hearing from a US energy department official saying that the US is on course to become the world's largest crude oil producer. And also that the US is seeking opportunities to export nuclear technologies to "responsible countries".
I think I can safely say that North Korea will surely not make that list.
