Saudi Arabian oil minister Ali Al Naimi discussed oil markets with Russia's ambassador to Riyadh Oleg Ozerov, Saudi state news agency SPA reported.
In the meeting, which was attended by Al Naimi's advis
Saudi Arabia has revved up crude production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners and increased capacity at home.
Oil Minister Ali Al Naimi told reporters that the
Saudi Oil Minister Ali Al-Naimi said on Monday the world's top oil exporter was willing to supply markets with more crude if tensions between Russia and the West over Ukraine worsen and cause a shortage.
The oil market has enough supply and prices are at a favourable level, Saudi Arabia's oil minister said on Tuesday, affirming the willingness of the world's top crude exporter to meet shortages.
Saudi Arabia pumped oil at
Top oil exporter Saudi Arabia is pumping at around 10 million barrels per day (bpd), the most in about five months, and is storing 80 million barrels to meet any sudden disruption in supplies, Oil Minister Ali Al-Naimi said.
Top oil exporter Saudi Arabia is pumping at around 10 million barrels per day (bpd), Oil Minister Ali Al-Naimi told reporters on a visit to Japan on Tuesday.
Saudi pumped 10 million bpd of oil last month, which was the highest level
Saudi Arabia will not be able to replace Iranian oil supplies in the long run, in case of shortfalls due to sanctions against Iran, state television quoted Iranian Oil Minister Rostam Qasemi as saying.
On Friday, Saudi Oil Minister Ali Al
Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow Opec members to accomplish that, Oil Minister Ali al-Naimi said on Friday.
Brent crude has risen about 13 percent this year, trading above
Top oil exporter Saudi Arabia produced 10 million barrels per day of oil in November, Bloomberg reported, citing Oil Minister Ali Al-Naimi.
It was unclear if the figure included both crude oil and condensate or just crude.
Saudi Arabia is considering candidates to succeed long-standing oil minister Ali Al Naimi in a ministerial reshuffle that could happen in late February or early March next year, two Saudi officials familiar with the situation said.