mo4ch:>Saudi energy minister says oil market on ‘right track’ as OPEC’s largest producer slashes exports | Mo4ch News

Saudi Arabia’s top energy official expects the oil market to stabilize shortly, and says it’s already “on the right track” after a rout in the last quarter of 2018. The statement follows Riyadh’s recent commitment to OPEC cuts.“If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on the right track, and that the oil market will quickly return to balance,” Energy Minister Khalid al-Falih said at an oil conference in Abu Dhabi on Sunday, according to Reuters. The world’s top crude supplier says it will continue to work with members of the Organization of the Petroleum Exporting Countries (OPEC) and others to balance the oil market and do more to achieve this goal, if necessary.Also on rt.comThere is still room to run for oil prices“[Saudi Arabia] will work with all interested producers who want to bring stability to the market... OPEC plus and anybody else who would like to do it with us,” the minister told a CNBC reporter. Earlie…