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Saudi Feb Spare Oil Capacity to Reach 3 million Barrels Per Day - ASHARQ AL-AWSAT English Archive
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NEW DELHI (Reuters) – Saudi Arabia’s oil minister Ali al-Naimi said on Wednesday, the kingdom’s spare crude oil capacity will be 3 million barrels per day (bpd) in February after a second round of OPEC output cuts.

He also told reporters in New Delhi that that long-term investments in the oil sector will not be determined by short-term crude oil price movements.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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