Saudi energy minister: Saudi Arabia/OPEC will mitigate supply shocks

Joshua Gibson FXStreet

A Saudi energy minister spoke today to make a statement about energy prices and oil fluctuations

Key highlights

Saudi Arabia will coordinate with both OPEC and non-OPEC organizations/countries to mitigate any shortfalls in oil supply to avoid worsening market stability.

Saudi Arabia is committed to ensuring stable oil markets for both producers and consumers, as well as sustainability in global economic growth

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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