Saudi Arabia on way to restoring market stability, says Al-Falih

Khalid Al-Falih, energy minister, told Japan’s trade minister Hiroshige Seko that he is concerned about low investment levels and potential oil shortages in the future, Reuters reported.

“We believe we are on our way to restoring energy stability to the market, and Japan will continue to receive our highest commitment,” Al-Falih was quoted as saying.

“The Kingdom is trying its hardest to stabilize oil markets,” the minister added.