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2016-09-01 18:45:00

SAUDI STABILIZES PRICES

SAUDI STABILIZES PRICES

BOE wrote, Saudi Arabia, the world's biggest oil exporter, won't boost output to capacity and flood the market, the kingdom's Energy Minister Khalid Al-Falih said weeks before OPEC meets to discuss ways to stabilize prices.

Saudi Arabia isn't concerned about global demand in spite of a drop in oil prices and a slower economy, Al-Falih said in an interview with Al-Arabiya television. The country is able to pump as much as 12.5 million barrels a day of oil, he said in comments broadcast during an official visit…

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Tags: SAUDI, OIL, PRICES, PRODUCTION
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