Oil market balanced: Naimi

Global oil market supply and demand is balanced, Saudi Oil Minister Ali al-Naimi said on Saturday, adding that the world's largest oil exporter would continue to supply all the crude customers ask for. He said Saudi Arabia supplied 9.39 million barrels of oil a day in September, down from around 9.8 million bpd in August.
"Obviously it is," he said when asked by reporters if global oil markets are balanced. "Demand is always fluctuating but our position is that we will supply whatever our customers ask for. We will always continue to meet the demands of customers."