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Commodities Briefing - Categorized | Market Moves, Oil more

Kingdom ready to meet crude demand: Al-Naimi

Posted on 13 September 2013

The global oil market is well balanced and top exporter Saudi Arabia ready to supply whatever volume of crude is needed to meet demand, Saudi Oil Minister Ali Al-Naimi said here, Thursday.
Saudi Arabia produced record high volumes of crude in August as it boosted output for the second time in two years to cushion the global oil market from supply disruptions. Naimi’s comments come after producer group OPEC this week sought to reassure consumers there is sufficient supply to cover a plunge in Libya’s output………………………………………..Full Article: Source


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