World Oil Supplies Still ‘Fairly Substantial’ After Saudi Attacks – US Official

World Oil Supplies Still ‘Fairly Substantial’ After Saudi Attacks – US Official.

World oil markets can still draw on sizeable reserves despite the weekend’s devastating attack on Saudi Arabian production facilities, US Energy Secretary Rick Perry said Monday.

US and Saudi officials have blamed Iran for the attacks but Tehran has dismissed the accusations, suggesting that Washington was seeking a pretext to attack the Islamic republic.

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