Saudi’s Falih says he sees no oil shortage, but OPEC to act if needed

article author: 
Sat, 2019-05-18 15:21

JEDDAH: Saudi Arabia's Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market's needs.

Speaking in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC producers, including Saudi Arabia and Russia, Falih told Reuters OPEC will not decide on output until late June when the group is due to meet next.

Main category: 
Tags: 


from ArabNews http://bit.ly/2WOPg9L
via Latest News of Dubai

Post a Comment

0 Comments