Saudi Arabia has plenty of spare oil production capacity, its energy minister said on Monday.
“We are ready to tweak up or downwards at any time, whatever market necessity dictates,” Prince Abdulaziz bin Salman said at the IPTC petroleum technology conference in Dharan.
“Our job at OPEC is to be attentive to any market activity,” he added, while stressing that achieving energy security is everyone’s responsibility.
Provided by SyndiGate Media Inc. (Syndigate.info).
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