Demand for Saudi crude is likely to rise over the next few months, Saudi oil minister Ali Al-Naimi told Reuters on Monday, in a sign the world's largest oil exporter sees a recovery of demand in Asia, its biggest export market.
Current oil prices around $80 a barrel were "in a happy situation", Saudi Arabian Oil Minister Ali al-Naimi said.
Speaking ahead of OPEC's Wednesday meeting, al-Naimi said oil ministers in the group were happy with the oil market situation
Saudi oil output is currently at 8.1 million barrels per day, al-Hayat newspaper cited Saudi Oil Minister Ali al-Naimi as saying on Wednesday.
Global oil inventories were 'high', Naimi told the paper, equivalent to around 60 days o