Very usefull links


News links




Dow Jones

Oil price



Views and News






OPEC chief says Saudi Arabia has assured there will be no crude shortage





By Reuters

Petroleumworld 10 18 2018

Saudi Arabia has assured OPEC that it is “committed, capable and willing” to ensure there will be no shortage in the oil market, OPEC's secretary-general said on Wednesday.

Mohammed Sanusi Barkindo, the secretary general of the Organization of the Petroleum Exporting Countries, was responding to a question on whether the cartel's relationship with Saudi Arabia and global production of oil will be impacted by the disappearance of Saudi journalist Jamal Khashoggi.


Khashoggi - a prominent critic of Saudi Arabia's Crown Prince Mohammed bin Salman - has been missing for more than two weeks after visiting the Saudi Arabian consulate in Istanbul. Turkish officials say they believe Khashoggi was murdered inside the consulate.

The journalist's disappearance has resulted in global pressure on Saudi Arabia, the world's largest oil exporter. U.S. lawmakers have blamed the Saudi leadership and many high profile guests have pulled out of a major Saudi Arabia investment conference in protest.

Barkindo cited a speech by Saudi Arabia's oil minister Khalip al-Falih at a conference in New Delhi on Monday, and said Saudi Arabia is ready to ensure that there is no oil shortage.

“As OPEC, we remain focused on our common objectives,” Barkindo said. Saudi Arabia has “a healthy spare capacity to serve as a buffer against any emergency,” he added.



Reporting by Nidhi Verma; Writing by Sudarshan Varadhan; Edited by Martin Howell from Reuters. 17 11 2018

We invite all our readers to share with us
their views and comments about this article.


Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter








Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.