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Saudi Arabia assures on supply as oil hits $80 a barrel

Reuters  |  RIYADH 

By Nidhi Verma and Rania El GamalRIYADH (Reuters) - Saudi Arabia said on Friday it is consulting other oil producers in and outside OPEC to ensure the world has adequate supplies to support economic growth after prices hit $80 a barrel for the first time since 2014.OPEC's most influential energy minister, Saudi Arabia's Khalid al-Falih, said in a Twitter post that he had called his counterparts in the United Arab Emirates, the United States and Russia, as well as major oil consumer South Korea, to "coordinate global action to ease global market anxiety".Falih also said he had reassured the ...

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First Published: Fri, May 18 2018. 14:40 IST
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