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June 26
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There is nothing more Saudi Arabia can do to tame the oil markets, said Foreign Minister Prince Faisal bin Farhan, implying that the world's largest oil exporter does not plan to accelerate the gradual increase in production, reports Bloomberg.

There is enough energy in the market, he said, speaking at the World Economic Forum in Davos. 

It is much more difficult than just bringing the casks to market, said Prince Faisal.

Oil prices rose almost 70% last year to almost $115 a barrel, first due to a recovery in demand due to the coronavirus pandemic and then due to the war in Ukraine.

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