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US won't intervene in oil market

Published Tue, Jan 20, 2015 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Abu Dhabi

The US won't intervene in the oil market amid falling crude prices, according to Amos Hochstein, the US State Department's energy envoy.

The US will let "the market" decide what happens, Mr Hochstein said in an interview at a conference in Abu Dhabi on Sunday. Mr Hochstein is special envoy and coordinator for international affairs at the State Department's Bureau of Energy Resources.

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