Algiers, Dhu-AlHijjah 26, 1437, Sep 27, 2016, SPA -- Minister of Energy, Industry and Petroleum Minerals Eng. Khalid bin Abdulaziz Al-Faleh stressed that the oil market is currently witnessing improvement, pointing out that its trends return to an inevitable balance. During his participation in the 15th ministerial meeting in Algiers, Eng. Al-Falih pointed out to fluctuations of the oil market in the past 25 years which witnessed sharp declines in the price of a barrel, but prices are changed to an unprecedented heights in the history of the oil markets. Eng. Al-Falih highlighted the future trends of the oil markets. Eng. Al-Falih expressed optimism regarding situations of the current oil markets. The minister of energy briefed the meeting on the Kingdom Vision 2030, stressing that the vision is based on three main sectors: oil and gas, chemicals and mining. --SPA 19:58 LOCAL TIME 16:58 GMT www.spa.gov.sa/w