World News: 04:29 GMT Saturday 18th May 2019. [Yahoo Business News Feed via SPi World News]
Saudi 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
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