JEDDAH, Saudi Arabia (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Sunday that he recommended driving oil inventories down and that supplies of crude were plentiful around the world.
"Overall the market is in a delicate situation," Falih told reporters.
Falih was speaking in Jeddah, Saudi Arabia, ahead of a ministerial panel meeting of top OPEC and non-OPEC oil producers, including Saudi Arabia and Russia.