Saudi Oil Min: 'US Industry at Large Is Benefiting' From Higher Oil Prices

Market news

21 June 2018

Saudi Oil Min: 'US Industry at Large Is Benefiting' From Higher Oil Prices

Sees Deficit of 1.6 Mln B/D to 1.8 Mln B/D in 2H
Says Won't 'Allow a Shortage'
'Not All Countries Can Return to 100% Compliance' Due to Involuntary Declines
US Petrochemicals Investment, Oil Exports Benefit From Higher Oil Prices
Output Increase Will Depend on Consensus, Members' Capacity
If Not for OPEC Action, 'Prices Would Escalate' Due to Lack of Investment
Saudi Arabia Has 2 Mln B/D of Spare Capacity
OPEC Alliance's 1M B/D Production Boost Is 'Good Target to Work With'

Euro Skeptic Bagnai Named Italy Senate Finance Committee Head @LiveSquawk

UK public sector net borrowing down more than expected in May

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