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

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

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

Ichthys LNG Strike Intensifies as Union Talks with Inpex Collapse

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Current News

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

Hormuz Reopening Could Trigger OPEC’s Next Big Challenge

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

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

Oil Prices Slide as Israel-Iran Suspend Strikes

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