Saudi Arabia says oil market recovery remains uncertain

FILE PHOTO: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh

LONDON (Reuters) – Saudi Arabia’s energy minister said on Thursday that the situation in the oil market had improved but the outlook for a recovery in demand remained uncertain.

Prince Abdulaziz bin Salman was speaking at the opening of a meeting of the Organization of the Petroleum Exporting Countries, Russia and its allies, a group known as OPEC+, to determine whether to lift crude production or keep it steady.

(Reporting by OPEC team, Editing by Edmund Blair)

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