Kerry, Saudi King discuss oil supply, U.S. official says

SHANNON Ireland Fri Jun 27, 2014 8:29pm EDT

Saudi King Abdullah bin Abdulaziz al-Saud (R) and U.S. Secretary of State John Kerry wait for a meeting at the King's private residence in the Red Sea city of Jeddah June 27, 2014.  REUTERS/Brendan Smialowski/Pool

Saudi King Abdullah bin Abdulaziz al-Saud (R) and U.S. Secretary of State John Kerry wait for a meeting at the King's private residence in the Red Sea city of Jeddah June 27, 2014.

Credit: Reuters/Brendan Smialowski/Pool

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SHANNON Ireland (Reuters) - U.S. Secretary of State John Kerry and Saudi King Abdullah briefly discussed global oil supplies during a meeting on the crisis in Iraq on Friday, a senior State Department official said.

During the talks, Kerry referred to recent comments by a Saudi oil official that the world's largest oil producer would increase supplies should crises in Iraq or Syria disrupt supplies, the official said.

"The secretary noted positively a recent statement from an oil official in the kingdom reflecting the kingdom's desire to do what will be required in the event of any turbulence," said the State Department official, who briefed reporters on the talks.

The official said Kerry believed the Saudi official's comments were "constructive."

U.S. officials have expressed the belief that concerns in oil markets will ease once a more inclusive government is formed in Baghdad that can deal with a Sunni insurgency threatening to break apart Iraq.

Saudi Arabia was Kerry's last stop in a week-long tour of capitals in Europe and the Middle East, which included a visit to Baghdad, to address the crisis that threatens to tear apart Iraq. The United States wants the Saudi Arabia to use its influence among fellow Sunnis in Iraq to press them to join the new government.

Brent crude oil was little changed in trading on Friday following one of the international benchmark's biggest weekly falls this year due to reduced concerns over exports from Iraq.

Prices have dropped more than $2 from a nine-month high of $115.71 hit on June 19 as output from Iraq's southern oilfields, which produce most of that nation's 3.3 million barrels per day (bpd), remained unaffected by fighting in the north and west.

(Editing by Will Dunham)

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Comments (6)
sensi wrote:
“Saudi Arabia is said to be the world’s largest source of funds for Salafi jihadist terrorist militant groups, such as al-Qaeda, the Afghan Taliban, the Pakistan Taliban, ISIS and Lashkar-e-Taiba in South Asia, and donors in Saudi Arabia constitute the most significant source of funding to Sunni terrorist groups worldwide, according to Hillary Clinton.[76] According to a secret December 2009 paper signed by the US secretary of state, “Saudi Arabia remains a critical financial support base for al-Qaida, the Taliban, LeT and other terrorist groups.”

I wonder why those little reported FACTS -hiding facts is our propagandist western “free press” prerogative- weren’t part of the discussion with the US ally Saudi Arabia dictatorship?

The Saudis are funding Sunni terrorism worldwide and among it the Sunni ISIS/ISIL terrorists taking over Iraq oil supplies and refineries, and yet the US hypocrites come asking the culprits of that disruption to have a global stable supply: brilliant!

Jun 27, 2014 8:58pm EDT  --  Report as abuse
sensi wrote:
The above quote was from wikipedia: State-sponsored terrorism.

Jun 27, 2014 9:12pm EDT  --  Report as abuse
Wastrel wrote:
The Saudis may get what’s coming to them, finally. They were the motivators of 9/11 and deserve no consideration whatsoever from the US. The long-range plan for energy independence of the US, through solar etc. is, and should be, specifically designed to stop giving money to these terrorists. Let’s hope that the destabilization of the region, the unintended result of G. W. Bush’s “bringing them democracy” nonsense, will take the Saudis down and reduce them to tribes fighting one another with scimitars from the backs of camels.

Jun 27, 2014 11:39pm EDT  --  Report as abuse
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