INSUBCONTINENT EXCLUSIVE:
Energy Minister Khalid al-Falih said on Wednesday that the world's biggest exporter of crude oil will not sit by and let another supply
glut surface, but also does not want oil prices to rise to "unreasonable levels".A lot of the supply surplus that has weighed on oil prices
has already been cleared, Falih also said, with members of the Organization of the Petroleum Exporting Countries (OPEC) seeking a close
balance between supply and demand.Falih was speaking at the signing of a memorandum of understanding between Saudi Aramco and Indian
been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
