Huayi Jinan Spot Investment Spot Consulting Service Account Opening "Hunan Weide Investment Promotion"

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Saudi Arabia has come out to appease the market again. Saudi Arabia's Minister of Energy, Industry and Mineral Resources Falih said in an interview on Wednesday that Saudi Arabia has no specific target for crude oil production and that production depends on market demand. At the same time, the Saudi delegation is also discussing the listing of Saudi Aramco in China and investment in China.
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In the delegation led by Saudi Deputy Crown Prince Salman, the just-concluded visit to China During the official visit, Falih was one of the accompanying officials. The visit aims to strengthen ties with China, a major energy consumer and trading partner. During this visit, Falih said that although crude oil prices have remained low, he is still optimistic about global demand, saying that China's crude oil demand is still very stable, and Saudi Arabia does not have a specific production target. He said
The demand situation for crude oil does not worry me. Saudi Arabia also does not have a specific target level for crude oil production. The country's crude oil production is carried out to meet domestic and global customer demand. Saudi Arabia will maintain a highly responsible attitude towards its output policy.
The market believes that this implies that the country will not use massive amounts of crude oil to impact market supply in the absence of market demand, which is consistent with its consistent statement. Saudi Arabia’s crude oil production capacity is 10,000 barrels per day, which provides it with the ability to increase production to make up for the unexpected global supply disruptions. Falih said such production levels were not expected unless there were unexpected supply disruptions. He said
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