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Saudi Minister of Petroleum & Minerals described the drop of oil prices as a passing problem
Petrol price drop is a passing problem
2024-11-05
Riyadh - SPA Saudi Minister of Petroleum & Minerals described the drop of oil prices as a passing problem. He cited several reasons that led to this problem including substantial slowdown of world economy growth and increased oil supply from outside OPEC combined with a significant decline of demand. He confirmed that the Saudi economy is robust and can withstand temporary price fluctuations.
