Saudi`s Falih says oil stocks still building, but Opec to act if needed
Mining News Pro - Saudi Arabia`s Energy Minister Khalid al-Falih said on Saturday that Opec will be responsive to the oil market`s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.
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Abuse of the US Strategic Oil Stocks Act to eliminate supply scarcity caused by Iran sanctions
Mining News Pro - The president of the United States has been using the country`s strategic oil reserves to finance the federal budget and pharmaceutical program to address concerns about supply shortages caused by Iran`s sanctions.
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