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Saudi Arabia Says Oil Inventory Drawdown to Accelerate in Coming 3-4 Months

Source: www.export-egypt.com 6/11/2017, Location: Middle East

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A drawdown in crude oil inventories will accelerate in the next three to four months, Saudi Arabian Energy Minister Khalid al-Falih said

Falih, speaking to reporters in the Kazakh capital of Astana, also said Saudi Arabia planned to grow exports to the United States in the long-term.

"The U.S. market will always be key (to us), in the long term we will continue and grow exports to the Unites States, the United States is well supplied," Falih told a briefing.

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