Markets may not rebalance until 2019: al-Falih

摘要

Opec and non-Opec oil ministers concede that a full rebalancing of supply and demand may not happen before the start of next year. “Despite the high level of conformity and commitment to maintain what we have done in 2017 and will do through 2018, [the IEA] predicts a stockbuild. And if that materialises, we have to not only stay the course for 2018, but also consider rolling it into 2019,” Saudi oil minister Khalid al-Falih says.