Khalid al-Falih said Saudi Arabia would always strive to stabilise the oil market
Saudi Arabia's energy minister said on Sunday the oil market was becoming more balanced and prices were stabilising.
Khalid al-Falih said Saudi Arabia, the world's biggest oil exporter, would always strive to stabilise the oil market, a statement by the energy ministry said on Sunday.
"In doing so, the Kingdom secures the flow of oil supplies as it retains a spare production capacity," the minister, attending a climate meeting in Berlin, was quoted as saying in the statement.
His remarks echo earlier comments made on Monday by the Saudi minister in the Saudi city of Dhahran at a meeting with newly appointed OPEC secretary general, Mohammed Barkindo.