Saudi Arabia Says It Won’t Flood Oil Market Before OPEC Meet

Updated on
  • Crude markets are ‘saturated’ with stored crude: Al-Falih
  • China, India show strong demand; Saudi refineries boost use

Ed Morse: Mideast Can Thrive With Oil Price Below $70

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 as OPEC members plan to meet next month to discuss ways to stabilize crude prices.

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