Saudi energy minister says he recommends driving oil inventories down

Saudi Arabia's Energy Minister Khalid al-Falih speaks during the Saudi-India Forum in New Delhi, India, February 20, 2018. REUTERS/Anushree Fadnavis - Copyright ANUSHREE FADNAVIS(Reuters)

By Reuters

Published on 19/05/2019 - 17:34•Updated 09/05/2024 - 20:59

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JEDDAH, Saudi Arabia (Reuters) - Saudi Arabian Energy Minister Khalid al-Falih said on Sunday that he recommended driving oil inventories down and that supplies of crude were plentiful around the world.

"Overall the market is in a delicate situation," Falih told reporters.

Falih was speaking in Jeddah, Saudi Arabia, ahead of a ministerial panel meeting of top OPEC and non-OPEC oil producers, including Saudi Arabia and Russia.

(Reporting by Rania El Gamal; Editing by Dale Hudson)

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