• We are now at the end of a considerable downturn

 

  • Fundamentals improving, oil market clearly balancing

 

  • China demand is evolving, not slowing

 

  • OPEC can exert continued stabilizing influence if members act collectively

 

  • Non-OPEC producers contribution to stabilizing market are as critical as OPEC

 

  • Alignment among oil producers is increasing

 

  • Expects oil markets to perform better in coming months, will continue to see volatility

 

  • Wants unconventional oil production to continue to meet demand growth

 

  • Some Non-OPEC production showing willingness to freeze, cut production

 

  • More clarity needed on production in Libya, Nigeria and Venezuela

 

  • ARAMCO IPO will allow it to participate in global upstream projects, particularly gas

 

  • Will soon select site for country's first nuclear plant