LONDON: Oil markets are poised to rebalance after going through a period of weakness as low oil prices cannot last long, the Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada said on Monday.
"We expect that we will go through one more downturn cycle of oil price. But we will recover. The market is definitely going to balance itself because today's oil price is not sustainable whatsoever," he told a conference in London.
Reuters
