Saudi ready for coordinated action to support oil prices – Saudi Aramco

FXStreet (Mumbai) - Saudi Arabia’s state-owned oil company Aramco’s chairman was on the wires stating the Kingdom is ready to work with other producers to support prices. However, the chief maintained Saudi would not balance the market alone.

Key Quotes

Saudi Arabia will not accept role of balancing structural imbalance in market alone

It was inevitable to let the oil market balance itself