JEDDAH, Saudi Arabia 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.
JEDDAH, Saudi Arabia, May 19 Saudi Arabia's
energy minister said on Sunday he recommended driving oil
inventories down and that global oil supplies were plentiful.
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.
JEDDAH, Saudi Arabia, May 18 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.
DUBAI The United Arab Emirates will show restraint after attacks on oil tankers off its coast and is committed to de-escalation during a "difficult situation" caused by Iranian behaviour in the region, a senior official said on Wednesday.
RIYADH/DUBAI Saudi Arabia said armed drones struck two of its oil pumping stations on Tuesday, two days after the sabotage of oil tankers near the United Arab Emirates, and the U.S. military said it was braced for "possibly imminent threats to U.S. forces in Iraq" from Iran-backed forces. | Video
* Saudi Arabia says drones hit oil pumping stations near
DUBAI/LONDON Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an attempt to undermine the security of crude supplies amid tensions between the United States and Iran. | Video
* UAE probing vessel attacks, without naming suspects
(Adds quote from Iraqi premier, paragraph 12)
DUBAI Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day (bpd) within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said.