Saudi Arabia says oil producers want to reduce inventories
Sunday, 19 May 2019 Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories "gently" but his country would remain responsive to the needs of what he called a fragile market.
According to Reuters, Saudi Arabian Energy Minister Khalid al-Falih on Sunday said that recent attacks on Saudi energy assets had put security of oil supply at risk but not affected his country’s output. He also called on Saudi Arabia’s partners to condemn the attacks. The statement comes after...
According to a report by Reuters, Saudi Arabia's crown prince blamed Iran for attacks on two oil tankers in a vital oil shipping route that have raised fears of broader confrontation in the region. The..
India’s oil minister Dharmendra Pradhan reached out to Saudi Arabia on Friday to discuss unrest in the region which is pushing up prices to levels that are... OilPrice.com Also reported by •Reuters •Reuters India