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FinancialNews


  • 23-04-19

    Saudi Arabia seeks stable oil market

    (MENAFN) As reported Saudi Press Agency, the GCC nation affirmed its pledge to maintain stability within the oil market through a long-standing policy.

    Saudi Arabia is currently overseeing the growth and latest events seen in the oil market after the U.S. made a remark on Iranian oil sanctions.

    Minister of energy, industry and mineral resources Khalid Al-Falih stated "accordingly, Saudi Arabia will coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance."

    Al-Falih added that Saudi Arabia is planning to work with other nations in order to guarantee a well-balanced and stable oil market.

    MENAFN2304201900450000ID1098426599

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