Opec sees crude-demand growth

KUWAIT: Global demand for crude is growing while non-Organisation of Petroleum Exporting Countries (Opec) countries are producing less of it, helping to bring the supply and demand for oil back into equilibrium by next year, Opec secretary-general Abdalla Salem El-Badri and Kuwait’s oil minister said.

“The current situation in the market is positive,” El-Badri said Monday at a conference in Kuwait City. “I expect to see a balanced market in 2016, if the current situation persists.”