Saudi to maintain oil supply if U.S. draws stocks




 
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Saudi to maintain oil supply if U.S. draws stocks
 
April 3rd, 2012  
News Manager
 

Topic: Saudi to maintain oil supply if U.S. draws stocks


Saudi to maintain oil supply if U.S. draws stocks
DUBAI (Reuters) - Saudi Arabia is likely to maintain high oil production in the event consumer countries release emergency stocks, but it will not seek to lure buyers for more oil by discounting its crude, industry sources said. U.S. Secretary of State Hillary Clinton on Saturday in Riyadh sought an assurance from Saudi King Abdullah that the kingdom would not neutralize a release of inventories by consuming countries by cutting its production. Saudi officials told the U.S. ...




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