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

Gulf Marine Services Restarts Ops of Evacuated Gulf Vessels

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Current News

RINA Gets Safety Assessment Role on Indonesia's H2WATT Hydrogen Hub

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

Inpex, Unions Reach Deal to End Ichthys LNG Strike

Gulf Marine Services Restarts Ops of Evacuated Gulf Vessels

Japan’s Shipping Industry Awaits Clarifications on Hormuz Reopening

Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Oil Falls More Than 2% as US-Iran Tensions Ease

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

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