OPEC see an improvement in the oil market

Shafaq News / The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Abdullah al-Badri said on Tuesday that the organization believes that the oil market is improving based on the increased demand for crude oil from the decline in the growth of the organization and the supply of the producing countries from outside.

He said al-Badri told reporters on the sidelines of a conference on the oil sector in London, "there is an improvement in the market ... The situation may not last long .. (not) more than two years."

Oil prices have collapsed in the last year under the big glut in the supply of crude fell as benchmark Brent below $ 50 a barrel for more than $ 115 in June, in June 2014.