Connecting intelligence with intelligence

×
Advertisement

Jan 20 2012

Saudis Ready To Intervene To Keep Oil Prices Stable-SAMA Governor

Friday, Jan 20, 2012

ABU DHABI (Zawya Dow Jones)--Saudi Arabia is prepared to intervene to keep oil prices stable, Saudi Arabia's central bank governor said Friday.

"We have seen oil prices stable throughout...Saudi Arabia has an excess capacity of 2.5 million barrels that are available if needed...And we are ready to use that capacity to balance the demand and supply in the oil market," said Saudi Arabian Monetary Agency governor Fahd al Mubarak.

-By Leila Hatoum, Dow Jones Newswires; +971-4-446-1686; leila.hatoum@dowjones.com

(END) Dow Jones Newswires

20-01-12 1311GMT

Post Your Comment

Sending ...

Copyright © 2012 Zawya Ltd. All rights reserved.

provided by  www.zawya.com

Send This Article To Your Friends

All fields are required.

Use commas for multiple email addresses

We'll use your email address to send the article on your behalf and it will not be collected or used for any other purposes.

X