Saturday 12 July 2014

Balanced oil market 'important for Saudi'

Having a balanced oil market is important for Saudi Arabia, the world's largest producer and exporter, the kingdom's Foreign Minister Prince Saud al-Faisal said on Saturday, amid mounting uncertainty over Iranian oil supplies due to sancti


Iran sees crude market 'balanced'

Iran's Opec governor said on Saturday the oil market was "relatively balanced", indicating the country will not push for any major shift in an Opec ministerial meeting next week. "The market is relatively balanced ... and my feeling is&nbs

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