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2015-11-09 20:00:00

ROBUST MARKET FUNDAMENTALS

ROBUST MARKET FUNDAMENTALS

Long-term oil market fundamentals remain robust but prolonged low prices could threaten security of supply and pave the way for a price spike, Saudi Arabia's vice oil minister said on Monday.

The world's largest crude exporter will continue investing in its oil and gas sector, Prince Abdulaziz bin Salman said.

"For a major reserve holder, oil producer and exporter such as Saudi Arabia, our focus has always been on the long-term trends shaping the oil market," he said in a speech at an Asian energy conference in the Qatari capital Doha.

"Rather…

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Tags: SAUDI, OIL, PRICES
Chronicle:
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