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

Inpex Starts Construction of Indonesia's Abadi LNG Project

LNG Tankers Resume Hormuz Crossings Amid Tensions

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Oil Climbs on US-Iran Deal Uncertainty

ADNOC Launches Global LNG Trading Powerhouse

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Oil Holds Steady After US, Iran Agree to Cease Attacks

Floating Nuclear: A New Offshore Energy Frontier

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Current News

Searah Malaysia Starts Upstream Oil and Gas Operations

Inpex Starts Construction of Indonesia's Abadi LNG Project

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Rises 2% as Middle East Hostilities Escalate

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Noble Gets $136M Brunei Drillship Job

James Fisher, Aquaterra Launch Global Decommissioning Partnership

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