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Nov 21 2011

* Saudi Aramco CEO: Oil Supplies Remain At Comfortable Levels

Monday, Nov 21, 2011

(MORE TO FOLLOW) Dow Jones Newswires

21-11-11 0615GMT

Saudi Aramco CEO: Oil Supplies Remain At Comfortable Levels

Monday, Nov 21, 2011

By Summer Said

Of ZAWYA DOW JONES

RIYADH (Zawya Dow Jones)--Crude oil supplies are at comfortable levels, the chief executive of Saudi Arabian Oil Co., the world's biggest oil firm, said Monday.

The global market is currently consuming around 30 million barrels per day of crude, Khalid Al Falih told a conference in Riyadh.

Last month, al Falish said that crude prices have recently fallen to a more reasonable range and are still healthy enough to support investment.

-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

21-11-11 0623GMT

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