OPEC Sec. General Barkindo: Saudi Arabia has ample supplies in its inventories

Dhwani Mehta FXStreet

Commenting on the Saudi attack and its impact on the Kingdom’s oil output, the OPEC Secretary-General Mohammad Barkindo said that Saudi Arabia has ample supplies in its inventories.

Additional Quotes:

Saudi Arabia has contained the situation so far.

Saudi Arabia hasn't issued any oil force majeure.

Oil prices consolidate the recent correction with gains of around 8%. WTI hovers around 59 mark while Brent flirts with 65.50.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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