OPEC’s two biggest suppliers to the U.S.
shrugged off a vow by President Donald Trump to end dependence on the group’s
oil, saying the world’s biggest economy would continue to need crude from
abroad. The U.S. is “closely integrated in the global energy market,” Saudi
Arabia’s Energy and Industry Minister Khalid Al-Falih said, while his
Venezuelan counterpart Nelson Martinez said he expects his country’s crude
exports to the world’s top consumer to remain stable. “The positions that the
U.S. and Saudi Arabia take in global energy are very important for global
economic stability,” Al-Falih said at a meeting of producing countries in
Vienna. He added that Saudi Arabia was looking forward to working with the
Trump administration. More…
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