Saudi Arabia prepared to respond if global economy stalls

Dubai (CNN Business)Saudi Arabia’s energy minister says that OPEC and its allies are prepared to quickly respond to a global economic slowdown.

Khalid Al Falih told CNN Business’ Emerging Markets Editor John Defterios that while he doesn’t “see a big economic recession,” corrective actions are “easily within our control.”
“If we see a slowdown … it’s going to be a small slowdown that oil markets can well absorb with adjustments to supply,” Al Falih said during an interview Monday.

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