Saudi Energy Minister: Kingdom on Way to Restoring Market Stability

Posted by Joseph Keefe
Monday, May 7, 2018
Saudi Arabian Energy Minister Khalid al-Falih tells Japan's trade minister Hiroshige Seko that he is concerned about low investment levels and potential oil shortages in the future.
"We believe we are on our way to restoring energy stability to the market, and Japan will continue to receive our highest commitment," Falih also said, continuing, "The Kingdom is trying its hardest to stabilise oil markets."
Reporting by Osamu Tsukimori and Aaron Sheldrick 
Categories: Contracts Energy Finance Government Update LNG Logistics Middle East Tankers

Related Stories

Oil Goes Down 2% as Saudi Supply Concerns Recede

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Technip Energies Nets Engineering Services Job for ADNOC Offshore

China's CNOOC Posts Record First-Half Profit

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Oil Eases After Topping $100, Still Set for Weekly Rise

Energean Lifts Karish Fields FPSO Oil Processing Capacity

ADNOC Launches Global LNG Trading Powerhouse

Current News

Oil Goes Down 2% as Saudi Supply Concerns Recede

Indonesia Picks Winners for Six Oil and Gas Blocks, Puts Eight More on Offer

PTTEP Gets Thai Approval for Offshore Stake Transfer to Valeura Energy

Valeura Finds New Oil Near Manora Field in Gulf of Thailand

MODEC, Eld Energy Advance Fuel Cell Power for FPSOs

Santos Expands LNG Portfolio with Asia, Canada Deals

Petronas, PTTEP Get Approvals for New Gas Block Sharing Contract

TPAO Eyes Karabakh Offshore Expansion with SOCAR

XRG, ADNOC and SEFE Deepen Gas Ties in Europe

Saudi Oil Lifeline Shut After Attack as Red Sea Threat Grows

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com