Saudi intends to play bigger role to meet Asia's growing energy demand
- Saudi energy min says Saudi-Pertamina refinery JV to enter feed stage in second half this year
- Says Saudi continues to explore expanding opportunities, with India being a prime target
- Alternative energy starting from small base, to see slow growth due to obstacles such as subsidies
- Not concerned oil demand will peak anytime soon
- Oil markets continue to improve from last year's low
- Markets recently impacted by slow demand season, ref maintenance, growth in non-OPEC supply
- Worst clearly behind us, market moving into rebalancing
- Expects US inventories to reduce on healthy US demand
- Expects China oil demand growth to match last year's
Headlines via Reuters
More from the oil minister:
- OPEC cuts could extend beyond the second half of 2017 ... confident cuts will be extended in H2 of 2017
