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S. Arabia Energy Minister says market intervention may be needed to cut oil stockpiles

 


 


 

By Reuters

DUBAI
Petroleumworld 26 10 2018

Saudi Energy Minister Khalid Al-Falih believes there could be a need for intervention to reduce oil stockpiles after increases in recent months, he said in comments to state TV.

“We (have) entered the stage of worrying about this increase,” Al-Falih told state broadcaster al-Ekhbariya.

He added that intervention might be required to return to the stability reached after “tireless efforts during the past year and a half”.

________________________



Reporting by Ali Abdelaty Writing by Tuqa Khalid Editing by David Goodman from Reuters.

reuters.com
10 25 2018



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