Saudi Arabia won’t Cut Oil Supplies to Canada: Khalid Al-Falih

Riyadh: Saudi Arabia announced on Thursday that its oil supply to Canada will not be affected despite an escalating diplomatic rift between the two countries. Saudi Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih, said that the current crisis will not, in any way, impact the state-owned Armco oil company’s relations with its customers in Canada, Saudi Press Agency reported.

The minister said that oil supplies will not be subjected to political considerations. Khalid Al-Falih stressed that the Kingdom continued to invest in its production capacity, considered a key factor in protecting from market volatility that is damaging to the interests of producers and consumers alike and the global economy at large. (IANS)