Live Update 
From the Liveblog of
Tuesday, July 3, 2018
From the Liveblog of
Tuesday, July 3, 2018
Saudi Arabia says it’s ready to pump more oil to balance market
Add ToI as a Preferred Source on GoogleSaudi Arabia, the world’s top crude exporter, says it is prepared to use its spare production capacity, estimated at two million barrels, to balance the global oil market.
“The kingdom is prepared to utilize its spare production capacity when necessary to deal with any future changes in the levels of supply and demand,” a cabinet statement says following a meeting chaired by King Salman.
— AFP
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