ABU DHABI — Saudi Arabia has projected that the global energy market would remain stable.   

"The whole issue that came to the surface and created a lot of concern, peak oil, is behind us, I hope," Saudi Aramco chief executive officer Khaled Al Falih said.

In an address in late January, the Aramco chief said Saudi Arabia maintained its investment in energy exploration and development in 2009, Middle East Newsline reported.

He said crude oil and natural gas would remain the leading sources of energy despite efforts to produce alternatives.

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