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Kerry, Saudi King discuss oil supply, US official says

By REUTERS

JUNE 28, 2014 03:36

US 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."

US 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.

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