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CNBC Power Lunch June 2, 2016

And others were looking for higher prices. For the second time in two months, opec mebdz unable to strike a deal. This meeting was also relevant because for first time in 25 years, the saudis set a new oil minister and we heard from him for the first time coming out of the meeting. Of course, he talked it up. Listen. We are extremely happy. I think the market is in good shape. The market is balancing. Trends are all good in terms of supply and demand. Prices have recovered somewhat. I believe they will continue to recover. Spirit of the meeting is very cooperative, collaborative and all of the ministers see basically the same funneledamen. A lot to decipher in that short sound bite. Our guest is also making a long journey. Before we get into prices and market balance and everything, what if anything did we learn from the new saudi minister today . I mean, basically, i think he went on the listening tour. He really wanted to convince the rest of opec he cared. He was not impervious to t ....

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