You are here

Saudi Arabia says it won't flood oil market before Opec meeting

Oil minister says Saudis aren't concerned about global demand in spite of drop in prices and slower economy

Mr Al-Falih says Saudi Arabia will remain flexible in its petroleum policy and meet demand if it rises like previously.


SAUDI Arabia, the world's biggest oil exporter, won't boost output to capacity and flood the market, the kingdom's energy minister, Khalid Al-Falih, said as members of the Organization of the Petroleum Exporting Countries (Opec) plan to meet this month to discuss ways to stabilise...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to