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1/17, 8:44 AM (Source: TeleTrader)
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Saudi energy minister 'comfortable' with oil prices

Saudi Energy Minister Prince Abdulaziz bin Salman stated on Monday he is comfortable "with oil prices" after the United States released some of the strategic crude oil reserves supply.

"I'm always comfortable," Prince Abdulaziz bin Salman told journalists in Dubai during the opening of the Abu Dhabi Sustainability Week Summit, adding that it is the US government's right to release crude oil from its strategic reserves.

US President Joe Biden announced at the end of November that he instructed the Department of Energy to release 50 million barrels from the Strategic Petroleum Reserve (SPR). The White House declared that the decision was made parallel with other countries such as China, India, Japan, Korea, and the United Kingdom.

Baha Breaking News (BBN) / JG