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The oil market is balanced in terms of supply and demand, Qatars Energy Minister Mohammed al-Sada said on Sunday. (Photo: AFP)

Oil market is balanced, says Qatar energy minister

Oil prices have been rising as US sanctions against Iran's crude exports are set to start next month.

8 Oct 2018 10:54 AM IST

Khaled al-Faleh said on Friday the global market has the capacity to absorb higher oil prices.

Market has capacity to absorb higher oil prices: Saudi minister

Faleh insisted the Organization of Petroleum Exporting Countries (OPEC) does not have a price target for oil.

20 April 2018 6:08 PM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi Arabia happy with oil market, won't let another glut form

The world's biggest exporter of oil will not sit by and let another supply glut surface.

11 April 2018 2:49 PM IST

US crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30.

Oil prices slips on expectations for US crude stock build

Russian government comments on prospects for stepping up cooperation with OPEC.

4 April 2018 1:25 PM IST