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Saudi Aramco Commitments Not Impacted By Oil Price Moves

Saudi Aramco Commitments Not Impacted By Oil Price Moves

The executive said that the fluctuating oil prices does not overshadow Saudi Aramco’s long-term commitment.

A senior official at state oil giant Saudi Aramco said on Monday that the recent fluctuations in oil prices would not threaten the company’s long-term supply commitments.

“The recent volatility is not new...(it is) in large (part) due to a weak global economy,” Amin Nasser, senior vice president for upstream operations at Saudi Aramco, told an energy conference in Abu Dhabi, adding that there was a “significant amount of oil” in the market.

“However, long-term fundamentals remain robust…Fluctuating oil prices don’t overshadow Saudi Aramco’s long-term commitment.”

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