| Petroleum and Mineral Resources Minister Ali Al-Naimi says Saudi Arabia is willing to supply markets with more crude if rising tensions between Russia and the West over Ukraine cause a shortage.
Russia’s military intervention on Ukraine’s Crimean peninsula and its aftermath in eastern Ukraine have rattled oil markets for the last few months, keeping benchmark Brent futures near $108 a barrel after hitting $112.39 on March 3, the highest this year. “We are willing to supply any shortage which may arise,” Al-Naimi said. ..............................................Full Article: Source
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