Regional

Market has capacity to absorb higher oil prices: Saudi minister

Organization of Petroleum Exporting Countries (OPEC) secretary general Mohammed Barkindo (L), Saudi Energy Minister Khaled al-Faleh (C) and Russian Energy Minister Alexander Novak (R) attend a meeting of OPEC and non-OPEC members to assess compliance with production cuts and to discuss potential long-term cooperation, in Jeddah on April 20, 2018. Saudi Arabia hopes to bring Russia into the fold of an expanded club of global oil giants to sustain a stable market, leaving OPEC's role in question,

 

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