Saudi Arabia says global market has potential for higher oil price
                     Source: Xinhua | 2018-04-21 02:50:23 | Editor: huaxia

    Organization of Petroleum Exporting Countries (OPEC) secretary general Mohammed Barkindo (L), Saudi Energy Minister Khaled al-Faleh (C) and Russian Energy Minister Alexander Novak (R) attend a meeting of OPEC and non-OPEC members to assess compliance with production cuts and to discuss potential long-term cooperation, in Jeddah on April 20, 2018. (AFP photo)

    RIYADH, April 20 (Xinhua) -- Saudi Arabia highlighted on Friday the global market capacity for higher oil price after the crude price hit its highest level in over three years, Al Arabiya reported.

    "Energy intensity, as you know has declined significantly ... this and higher productivity of energy input leads me to think that the global market has the capacity to absorb higher price," said Khalid al-Falih, Saudi Energy Minister, at an oil meeting in Jeddah.

    Falih insisted the Organization of Petroleum Exporting Countries (OPEC) does not have a target for oil price.

    "We never have a price target... Prices are determined by the market," said Falih who warned against the danger of price fluctuations, saying that "volatility is our enemy."

    OPEC and non-OPEC countries struck a deal in 2016 to trim production by 1.8 million barrels per day to reduce a global glut of oil.

    The deal, which is due to expire at the end of this year, has boosted oil price to above 70 U.S. dollars a barrel from below 30 dollars a barrel in early 2016.

    Back to Top Close
    Xinhuanet

    Saudi Arabia says global market has potential for higher oil price

    Source: Xinhua 2018-04-21 02:50:23

    Organization of Petroleum Exporting Countries (OPEC) secretary general Mohammed Barkindo (L), Saudi Energy Minister Khaled al-Faleh (C) and Russian Energy Minister Alexander Novak (R) attend a meeting of OPEC and non-OPEC members to assess compliance with production cuts and to discuss potential long-term cooperation, in Jeddah on April 20, 2018. (AFP photo)

    RIYADH, April 20 (Xinhua) -- Saudi Arabia highlighted on Friday the global market capacity for higher oil price after the crude price hit its highest level in over three years, Al Arabiya reported.

    "Energy intensity, as you know has declined significantly ... this and higher productivity of energy input leads me to think that the global market has the capacity to absorb higher price," said Khalid al-Falih, Saudi Energy Minister, at an oil meeting in Jeddah.

    Falih insisted the Organization of Petroleum Exporting Countries (OPEC) does not have a target for oil price.

    "We never have a price target... Prices are determined by the market," said Falih who warned against the danger of price fluctuations, saying that "volatility is our enemy."

    OPEC and non-OPEC countries struck a deal in 2016 to trim production by 1.8 million barrels per day to reduce a global glut of oil.

    The deal, which is due to expire at the end of this year, has boosted oil price to above 70 U.S. dollars a barrel from below 30 dollars a barrel in early 2016.

    010020070750000000000000011105091371258861
    主站蜘蛛池模板: 深爱五月激情网| 中文字幕日韩一区二区三区不| 精品国产v无码大片在线看| 国产真实伦在线观看| yy6080影院| 日本理论午夜中文字幕| 亚洲日韩中文字幕无码一区| 精品视频午夜一区二区| 国产成人久久精品区一区二区| 99re九精品视频在线视频 | 欧美亚洲另类视频| 免费人成在线观看69式小视频| 露暴的楠楠健身房单车| 国产精品免费看久久久久| jizz黄色片| 手机看片国产在线| 久久综合九色欧美综合狠狠| 欧美特黄高清免费观看的| 公在厨房对我猛烈进出视频| 阿v视频在线观看| 国产男女视频在线观看| 99国内精品久久久久久久| 成人毛片18女人毛片免费| 久久精品国产亚洲| 欧美成人三级一区二区在线观看| 免费a级毛片出奶水| 羞羞视频在线观看网站| 国产女人和拘做受视频免费 | 动漫美女羞羞网站| 青青国产成人久久91| 国产男女猛烈无遮挡| 91在线手机精品免费观看| 女人是男人的未来视频| 丰满少妇被猛男猛烈进入久久 | 久久综合狠狠综合久久97色| 国内精品久久久久久99蜜桃| √天堂中文在线最新版8下载| 抵在洗手台挺进撞击bl| 久久精品人妻一区二区三区| 欧美jizz18| 亚洲日本天堂在线|