Saudi King discuss oil supply, U.S. official says
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[June 28, 2014]
By Lesley Wroughton
SHANNON Ireland (Reuters) - U.S. Secretary
of State John Kerry and Saudi King Abdullah briefly discussed global oil
supplies during a meeting on the crisis in Iraq on Friday, a senior
State Department official said.
During the talks, Kerry referred to recent comments by a Saudi oil
official that the world's largest oil producer would increase
supplies should crises in Iraq or Syria disrupt supplies, the
"The secretary noted positively a recent statement from an oil
official in the kingdom reflecting the kingdom's desire to do what
will be required in the event of any turbulence," said the State
Department official, who briefed reporters on the talks.
The official said Kerry believed the Saudi official's comments were
U.S. officials have expressed the belief that concerns in oil
markets will ease once a more inclusive government is formed in
Baghdad that can deal with a Sunni insurgency threatening to break
Saudi Arabia was Kerry's last stop in a week-long tour of capitals
in Europe and the Middle East, which included a visit to Baghdad, to
address the crisis that threatens to tear apart Iraq. The United
States wants the Saudi Arabia to use its influence among fellow
Sunnis in Iraq to press them to join the new government.
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Brent crude oil was little changed in trading on Friday following
one of the international benchmark's biggest weekly falls this year
due to reduced concerns over exports from Iraq.
Prices have dropped more than $2 from a nine-month high of $115.71
hit on June 19 as output from Iraq's southern oilfields, which
produce most of that nation's 3.3 million barrels per day (bpd),
remained unaffected by fighting in the north and west.
(Editing by Will Dunham)
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