{
  "id": 8226880,
  "title": "Kingdom assures Asia of uninterrupted oil supply",
  "url": "https://urgent.news/2026/09/18/kingdom-assures-asia-of-uninterrupted-oil-supply",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T10:00:39.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/kingdom-assures-asia-of-uninterrupted-oil-supply/"
  },
  "original_language": "en",
  "account": "Saudi Arabia assures Asia of continuous oil supply, says Petroleum and Mineral Resources Minister Ali Al-Naimi. The statement came during discussions with South Korean Knowledge Economy Minister Joong Kyung-choi, who were exploring bilateral ties and Korea's economic landscape. South Korea is a major importer of Saudi oil. The Kingdom is heavily invested in the Asian nation's petroleum industry.\n\nAl-Naimi addressed the recent surge in global oil prices, attributing it to balanced demand and supply in the international market, along with stable commercial reserves. Oil prices reached over $112 a barrel in New York on Friday, with Brent crude crossing $126 following a drop in the dollar and concerns over shipments from major oil producers. The May benchmark West Texas Intermediate rose $2.49, or 2.3 percent, to $112.79 per barrel on the New York Mercantile Exchange, setting new 30-month highs frequently this week.\n\nMeanwhile, Saudi Aramco President Khalid Al-Falih forecasted a decline in oil demand from industrialized nations until 2035, but expected growth from major economies in Asia, including China, India, and South Korea, as well as Brazil. He announced Saudi Aramco's plans to launch two oil projects in Indonesia and Vietnam, aiming to broaden its Asian operations. Al-Falih mentioned the company's collaboration with multinational firms such as Total, Dow Chemical, Sumitomo Chemical, and Royal Dutch Shell.",
  "summary": "We are ready to supply oil requirements of South Korea and other Asian countries,” said Petroleum and Mineral Resources Minister Ali Al-Naimi. He made the statement while talking to South Korean Knowledge Economy Minister Joong Kyung-choi as the two discussed bilateral relations as well as the economic situation in Korea. South Korea is one of ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "Stock Market LIVE: GIFT Nifty signals tepid open; Asia markets rise; Brent crude near $104",
        "url": "https://urgent.news/2026/09/18/stock-market-live-gift-nifty-signals-tepid-open-asia-markets-rise",
        "published": "2026-09-18T02:26:37.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Brent crude falls below $104 as West Asia supply fears ease",
        "url": "https://urgent.news/2026/09/18/brent-crude-falls-below-104-as-west-asia-supply-fears-ease",
        "published": "2026-09-18T04:30:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}