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 Tankers Finance Energy LNG Government Update Logistics Middle East

Related Stories

Woodside Inks Long-Term LNG Supply Deal with China Resources

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

ADNOC Secures LNG Supply Deal with India's BPCL

Santos Hires Weststar-GAP for Timor-Leste Offshore Helicopter Services

European LNG Imports Up with Asian Influx

AIRCAT 35 Crewliner Vessels Delivered to Service TotalEnergies Angola

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Flare Gas Recovery Meets the Future

ABS Approves Hanwha Ocean’s FPSO Design

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

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