Saudi OilMin Al-Falih: happy with the oil market at present

Following the comments from the Iranian Oil Minister Zangeneh, Saudi Arabia’s Energy Minister Khalid Al-Falih is now on the wires, saying that he is happy with the oil market at present.

Bloomberg reported earlier today that the Kingdom is aiming to boost oil prices to $ 80/ barrel in order to support the valuation of state energy giant Aramco before an initial public offering (IPO).