Arab Today, arab today g7 calls on oil producers to raise output
Last Updated : GMT 17:42:38
Arab Today, arab today
Arab Today, arab today

G7 calls on oil producers to raise output

Arab Today, arab today

Arab Today, arab today G7 calls on oil producers to raise output

Washington - AFP

The G7 industrial countries called Tuesday on oil producers to increase output, saying higher prices posed \"substantial risks\" to the global economy. Finance ministers of the powerful group also hinted they were ready to push for the release of strategic oil reserves to prevent a tightening of the market. \"The current rise in oil prices reflects geopolitical concerns and certain supply disruptions,\" the Group of Seven finance ministers said in a statement. \"We encourage oil-producing countries to increase their output to meet demand, while drawing prudently on excess capacity.\" \"We remain vigilant of the risks to the global economy,\" the ministers said in the statement, which was released by the US Treasury. \"In this context and mindful of the substantial risks posed by elevated oil prices, we are monitoring the situation in oil markets closely.\" The statement applauded Saudi Arabia\'s commitment, made at the Group of 20 summit in Los Cabos, Mexico, in June, to mobilize spare capacity when necessary to ensure supplies to the market are adequate. But it also suggested the leading industrial democracies were ready to tap into global strategic oil reserves to keep price pressure down. \"We stand ready to call upon the International Energy Agency to take appropriate action to ensure that the market is fully and timely supplied,\" the statement said. \"We remain committed to well-functioning and transparent energy markets.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today g7 calls on oil producers to raise output Arab Today, arab today g7 calls on oil producers to raise output

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today g7 calls on oil producers to raise output Arab Today, arab today g7 calls on oil producers to raise output

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday