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US says to Maintain Saudi oil Trade Relationship - ASHARQ AL-AWSAT English Archive
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WASHINGTON (Reuters) – U.S. Energy Secretary Sam Bodman said on Tuesday that the United States and Saudi Arabia will maintain their oil trade relationship.

“The United States and Saudi Arabia, I believe, will continue to have a very strong trading relationship … in the free flow of oil to markets around the world, ” Bodman said at a joint appearance with Saudi Arabia Oil Minister Ali al-Naimi at the Center for Strategic and International Studies.

He said that Saudi Arabia’s huge oil reserves and the United States’ large Strategic Petroleum Reserve should allow both countries to work together to ensure the world has adequate oil supplies in emergencies.

Separately, Bodman said the fears among oil traders of future supply disruptions are a “key factor” behind current high oil prices.

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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