JEDDAH, Saudi Arabia - 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.
“I am not sure there is a supply shortage, but we will look at the analysis. We will definitely be responsive and the market will be supplied,” Falih said, when asked whether an increase in output was on the table due to oil shortage concerns. “We will be flexible. We are going to do the right thing as we always do,” Falih said of any decision at the meeting in June on continuing the reductions.
The United States on the other hand, which is not a member of the OPEC+ but is a close ally of Saudi Arabia, wants the group to boost output to bring oil prices down. U.S. President Donald Trump has called on OPEC and the group’s de facto leader Saudi Arabia to lower oil prices. But U.S. crude inventories rose unexpectedly last week to their highest since September 2017, while gasoline stockpiles decreased more than forecast, the Energy Information Administration said on Wednesday. [EIA/S]
I will take your word on that...hope you keep your promise
Could we trust in a guy with a towel on his head ?
So fight a war with Iran on their behalf AND higher gas prices winning realDonaldTrump
Wonder how our, governing by deal, President, is doing with these, “friends”, guess we have the upper hand, here, too!!!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 w... Of course there’s no shortage. Simply a way to manipulate markets. Make cash. Why we need solar as fast as possible. The market will NEVER fluctuate. No more gambling. Time for The-Liar-in-Chief™ to make his phone call to OPEC and make everything OK. Also not sure who put the hood up on his bathrobe or why he can't stop doing 'the Jeb.' CallADoctor
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Saudi's Falih says oil stocks still building, but OPEC to act if neededSaudi Arabia's Energy Minister Khalid al-Falih said on Saturday that OPEC w... I want world to completely shift to renewable energy sources. So that i can see all these oil rich countries go back to stone ages. They don't have anything other than oil. Bensinupproret vad tycker ni nu ?Ericson_ubbhult beckmansasikter The system, comprising of world leaders who've vowed to always do the right thing, that is, making certain financial markets for themselves gain maximum prophets, regardless the maximum suffering to others cause. Money in oil, money in weapons as well.
Source: Reuters - 🏆 2. / 97 Read more »
Saudi Energy Minister says two Saudi oil tankers attacked near UAE watersSaudi Arabia's Energy Minister Khalid al-Falih said on Monday that two Saud... Near the Gulf of Tonkin? O God ,thanks for this news... and surprisingly it wasn't us committing these atrocious human rights violations?
Source: Reuters - 🏆 2. / 97 Read more »
Saudi Arabia says two Saudi oil tankers attacked near UAE watersSaudi Arabia’s Energy Minister Khalid al-Falih says two Saudi oil tankers attacked near UAE waters by Rania_ElGamal Rania_ElGamal hes a killer face the truth Rania_ElGamal May be done by isreal's US creature ISIS Rania_ElGamal you a war makers
Source: Reuters - 🏆 2. / 97 Read more »
Factbox: Strait of Hormuz - the world's most important oil arterySaudi Arabia said on Monday that two Saudi oil tankers were among vessels target... Coronary blockages lead to bad things sometimes. Most of the oil that flows through the straits of Hormuz goes to Asia. The Chinese don’t seem worried. Why is trump starting another war? Oil again. If he controls energy, he can bully those that need it.
Source: Reuters - 🏆 2. / 97 Read more »
The Latest: Iran warns against 'conspiracy' on Saudi tankersDUBAI, United Arab Emirates (AP) — The Latest on alleged sabotage of ships off the coast of the United Arab Emirates (all times local): 9:10 a.m. Iran's Foreign Ministry is calling for... Who benefits? The Beastie Boys were in town? NoMoreWars4Profit
Source: AP - 🏆 728. / 51 Read more »
Saudi Oil Tankers Attacked Before Entering Persian GulfTwo Saudi Arabian oil tankers suffered significant damage in an attack over the weekend near the Strait of Hormuz, the kingdom’s energy minister said, amid heightened military tensions in the Persian Gulf. Who dunnit? This is laughable - who would believe Saudi?🤣🤣🤣
Source: WSJ - 🏆 98. / 63 Read more »
Two Saudi oil tankers attacked near UAE waters, Riyadh saysIran's foreign ministry spokesman calls the incidents near the coast of Fujairah 'worrisome and dreadful', and asked for an investigation into the matter.
Source: trtworld - 🏆 101. / 63 Read more »
Sabotage 'attack' damages two oil tankers, Saudi Arabia saysSaudi Arabia says two of its oil tankers were sabotaged off the coast of the United Arab Emirates in attacks that caused 'significant damage' to the vessels. Brigadier General of the Iranian Islamic Revolutionary Guards Corps (IRGC) Amir Ali Hadjizade at a closed meeting in the Iranian parliament said that if American aircraft carriers take any action, Iran will “hit them right in the head.” US has done that all Setting up Iran to take the blame? WagTheDog
Source: NBCNews - 🏆 10. / 86 Read more »
Saudi ship, blocked from loading arms cargo in France, arrives at Spanish portA Saudi ship, prevented by rights groups from loading an arms cargo at the Frenc... European unity! Thanks, the new sharia nazis must be contained, before their version of Adolf Hitler's master plan ruins the planet.
Source: Reuters - 🏆 2. / 97 Read more »
The Latest: Saudi says 2 oil tankers damaged by sabotageDUBAI, United Arab Emirates (AP) — The Latest on alleged sabotage of ships off the coast of the United Arab Emirates (all times local): 7:30 a.m. Saudi Arabia's energy minister says... I'm afraid that things are going to get ugly If the ksa said... it is a lie.
Source: AP - 🏆 728. / 51 Read more »