Saudi Arabia is ready to meet oil consumers’ demand by replacing oil supplies from Iran after the United States ends waivers granted to buyers of Iranian crude, Energy Minister Khalid al-Falih told Russian state news agency RIA in an interview.
Al-Falih said that the global deal to coordinate oil production levels could be extended after June.
“We will look at (global oil) inventories - are they higher or lower than the normal level and we will adjust the production level accordingly. Based on what I see now ... I am eager to say that there will be some kind of agreement,” al-Falih told RIA.
Al-Falih: Saudi Arabia to ensure oil market stability after US ends Iran waiversSaudi Arabia is committed to ensuring oil market stability after a US decision to end sanction exemptions for Iran’s customers, the ... Energy
Al-Falih: King Abdullah Port can become the largest in the Middle EastSaudi Arabia is aspiring to make the King Abdullah Port the largest in the Middle East, Saudi Energy, Industry and Mineral Resources Minister Khalid ... Economy
Al-Falih: Demand for Saudi Aramco’s bond ‘north of’ $30 billionDemand for Saudi Aramco’s inaugural international bond, which will be issued this week, is higher than $30 billion, Saudi Energy Minister Khalid ... Energy
Al-Falih optimistic about continued commitment to OPEC+ oil supply cutSaudi Arabia’s energy minister said on Sunday he was optimistic about continued commitment to the oil supply cut agreement between OPEC and ... Energy