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Kuwait oil minister told Reuters that he is expecting to see a balance in oil market by the end of 2019 as global inventories fall and demand remains strong. The Kuwaiti minister explained that oil demand growth faces uncertainty as a result of the U.S.-China trade dispute, and at the same time, U.S. oil production continues to rise.

Kuwaiti Oil Minister Expects Market to Balance

Kuwait oil minister told Reuters that he is expecting to see a balance in oil market by the end of 2019 as global inventories fall and demand remains strong.

The Kuwaiti minister explained that oil demand growth faces uncertainty as a result of the U.S.-China trade dispute, and at the same time, U.S. oil production continues to rise.

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