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
