Saudi Energy Minister: The Worst Is Over For Oil Markets

Saudi Energy Minister: The Worst Is Over For Oil Markets

OilPrice.com

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The worst of the oil market is behind us, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Monday at CERAWeek's India Energy Forum. "We are still vigilant. I think there is a big shift all together in terms of where we are today and where we were in April and May," bin Salman added.  But it is unclear what part of the worst is in the rearview. If the Energy Minister is referring to oil demand, the largest importer of crude oil—China—is expected to slow its imports after the oil-thirsty nation bought extra crude…

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