Saudi Arabia says oil inventory drawdown to accelerate in coming 3-4 months

Falih said that Saudi Arabia planned to grow exports to the United States in the long-term. — Reuters pic
Falih said that Saudi Arabia planned to grow exports to the United States in the long-term. — Reuters pic

ASTANA, June 11 — A drawdown in crude oil inventories will accelerate in the next three to four months, Saudi Arabian Energy Minister Khalid al-Falih said today.

Falih, speaking to reporters in the Kazakh capital of Astana, also said Saudi Arabia planned to grow exports to the United States in the long-term.

"The US market will always be key (to us), in the long term we will continue and grow exports to the Unites States, today the United States is well supplied," Falih told a briefing. — Reuters

Related Articles

Up Next

Loading...