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Oil market on track to rebalance in H2: Qatar energy minister

Published May 10, 2016 Updated May 10, 2016 04:58pm
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By Shoaib Ur Rehman
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imageABU DHABI: Qatar's energy minister and current OPEC president Mohammed al-Sada said on Tuesday that the oil market was on the right track towards rebalancing in the second half of 2016.

"As we proceed to the second quarter of the year, we see an increase in global demand for oil due to demand for oil products, particularly gasoline," he said in a statement.

"This trend is likely to increase further from next month due to the onset of the summer driving season."

Copyright Reuters, 2016

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