Khalid al-Falih on Libya

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Last quote by Khalid al-Falih on Libya

In my opinion, market fundamentals are going in the right direction, but in light of the large surplus in stockpiles over the past years, the cut needs time to take effect, . Current expectations indicate the market will rebalance in the fourth quarter of this year, taking into account an increase in shale oil production. Markets determine prices but are themselves driven by unpredictable variables beyond the control of producing nations. Short-term volatility is mostly a reaction to short-term factors ... as well as the role of speculators in stock markets that increase market volatility.feedback
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Jun 19 2017
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Quotes by Khalid al-Falih on Libya

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