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Saudi ready for coordinated action to support oil prices – Saudi Aramco

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - Saudi Arabia’s state-owned oil company Aramco’s chairman was on the wires stating the Kingdom is ready to work with other producers to support prices. However, the chief maintained Saudi would not balance the market alone.

    Key Quotes

    Saudi Arabia will not accept role of balancing structural imbalance in market alone

    It was inevitable to let the oil market balance itself
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