Bloomberg | Saudi Oil Minister Sees OPEC, Allies Cooperation Past 2018 Bloomberg Excess oil inventories have declined by 220 million barrels from a level of 340 million barrels in early 2017, Al-Falih said in a speech before the monitoring committee meeting. Russia's Novak said he expects the oil market to re-balance this year ... Saudi energy minister: oil producers have consensus on cooperating after 2018 US On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World |