Last Update 23:52
Saturday, 20 July 2019

G20 energy ministers to collaborate to keep market stability

Reuters , Saturday 15 Jun 2019
 Khalid al-Falih
File Photo: Saudi Arabia's Energy Minister Khalid al-Falih (Photo: Reuters)
Share/Bookmark
Views: 862
Share/Bookmark
Views: 862

Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain stability in the oil market, Japan's Industry Minister Hiroshige Seko said on Saturday.

Two tankers, one operated by a Japanese shipping company, were attacked on Thursday. The United States blamed Iran for the attacks, raising concerns about a confrontation and driving up oil prices.

"The most important thing was that we have shared an understanding among energy ministers that we need to work together to deal with the recent incidents from energy security point of view," Seko told reporters at a meeting of G20 energy and environment ministers being held this weekend in Karuizawa.

"Same thing happened at our bilateral meetings," he said, referring to talks with officials from several countries including Saudi Arabia and the United States.

Saudi Energy Minister Khalid al-Falih told Seko in their bilateral meeting that it took recent events, including a May 12 attack on four tankers off the United Arab Emirates, "very seriously."

The recent attacks were more harmful than physical damage to the ships as they affected global confidence in energy supply security, he said. "The Kingdom is committed to ensuring stability of global oil markets," he added.

Dan Brouillette, U.S. deputy secretary of energy, also condemned the attacks.

"We stand firmly with Japanese and everyone else," he told a news conference on the sideline of the G20 ministerial meeting.

A G20 summit is to be held in Osaka on June 28-29.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.