Bloomberg | Saudi Arabia Declares Cease-Fire in Oil War Bloomberg The new Saudi oil minister, Khalid Al-Falih, says the oil glut is over. That means the kingdom's war against U.S. shale producers is coming to an end, too. Who won it is a tough question to answer; on balance, it's probably the Saudis, but they have ... The Oil Glut Is Over, Says World's Most Powerful Oil Man MarketsSaudi may return to oil balancing role says energy minister Saudi Arabia has declared an end to its oil war with the US |