Saudi OilMin Al-Falih: Actions will be guided by fundamentals of the oil market

Reuters reports the latest comments by Saudi Arabia's Energy Minister Khalid Al-Falih, with the key headlines found below.

Global inventories continuing to rise, dont see need to do anything immediately.

Global inventories are what will guide policy action.

Actions will be guided by the fundamentals of the oil market.

“We will make sure that global oil market remains balanced.”

Sentiment in general is that "we should not lift our hands off the wheel".

“We will not get surprised like we did in Q4 2018.”

“We will not leave our customers scrambling not finding oil they need.”