Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting demand. Prices will recover from a slump due to a glut created by a lack of cooperation from producers outside the Organization of Petroleum Exporting Countries, Saudi Arabia Oil Minister Ali Al-Naimi said at a conference in Abu Dhabi yesterday. Al-Naimi ended his speech showing the confidence as he jumped off the stage and smiled. Brent oil tumbled into a bear market this year as the U.S. pumped the most crude in more than three decades and economic growth slowed from China to Germany . The increase in global crude demand was about 700,000 barrels a day this year, below the projected 1.2 million barrels a day, Al-Naimi said. “The oil market will […]