06/12/2009
CAIRO, Dec 5, 2009
An overhang of oil inventories is declining and both producers and consumers are happy with current oil prices, Saudi Arabian Oil Minister Ali Al-Naimi said on Saturday
"Everything is very good now," Naimi told reporters ahead of a meeting of OAPEC Arab oil producers.
"Inventories are coming down, the price is perfect and investors, consumers, producers are all very happy," he added, reports Reuters.
