(EnergyAsia, June 29) — Saudi Arabia now has surplus crude oil sitting in storage tanks and tankers as it cannot find buyers, said its ambassador to the US. At a press conference in Houston, Texas, Prince Turki Al-Faisal claimed that state oil company Aramco has between 300,000 and 400,000 barrels per day of unsold…
SAUDI ARABIA: Envoy claims there is surplus oil in storage now
Posted on June 29, 2006 by EnergyAsia