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
