Saudi Arabia: Oil prices will respond according to re-balancing

Speaking on the side-lines from the OPEC meeting in Vienna, Saudi energy minister, noted that the OPEC will not come out with surprising decisions  and that oil prices will respond when markets start re-balancing.

Headlines:

Market is re-balancing

In long term we want to encourage investment

We will not shock market

Role of OPEC is to leave market to what it has to do

Market doing quite well

Everyone with one voice is satisfied with markets