VOL. XXXII

NO. 39

3-JULY-1989

SAUDI ARABIA

Saudi Oil Minister Sees 3Q Demand Rising to 49.3mn b/d

The Saudi Minister of Petroleum and Mineral Resources, Mr. Hisham Nazer, hassaid that oil prices are improving gradually, indicating that demand is growingand that there is a current balance between demand and supply. Briefing theSaudi Council of Ministers on 26 June on the oil market situation following theVienna OPEC conference, Mr. Nazer explained that he expects demand to reach49.3mn b/d in the...