NAGOYA, Japan (Reuters) – International Energy Agency (IEA) chief Fatih Birol said on Monday he is not worried Saudi Arabia will cut oil supply in response…
NAGOYA, Japan (Reuters) – International Energy Agency (IEA) chief Fatih Birol said on Monday he is not worried Saudi Arabia will cut oil supply in response to any potential sanctions over the killing of journalist Jamal Khashoggi, but urged common sense as political developments may impact energy markets.
“There are many geopolitical, non-energy related issues, which could also have further impact on the oil markets,” Birol told Reuters, when asked about concerns in oil markets over whether Saudi Arabia, the world’s biggest crude oil exporter, might retaliate against any punitive measures by global powers over Khashoggi’s death in the Saudi consulate in Istanbul.
“There’s a strong challenge for the key producers to increase production and comfort the markets. I appeal to all the producers and consumers to have common sense in the very difficult months we are entering,” Birol said, speaking on the sidelines of an LNG conference in Nagoya, Japan.
