Exclusive: Saudi's Falih says not sure there is oil shortage, OPEC will act

World News: . []

Exclusive: Saudi's Falih says not sure there is oil shortage, OPEC will actSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market's needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building. Speaking in Jeddah ahead of a ministerial panel gathering on Sunday by 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. Falih said OPEC is guided by two main principles: 'One to keep the market in its direction towards balancing and inventories back to normal level.


Read More: https://news.yahoo.com/exclusive-saudis-falih-says-not-sure-oil-shortage-032903727.html

Published: .

Search for other references to "exclusive" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us