Valerie's Feed
Dec 10, 2014
Dec 10, 2014

Saudi Oil Minister Naimi: “Why should we cut production?”

LIMA, Peru, Dec 10 (Reuters) – Saudi Oil Minister Ali
al-Naimi on Wednesday shrugged off suggestions that the world’s
biggest crude exporter might cut production to reverse the
deepest price slump in years, saying the Kingdom’s output had
remained steady through last month.

Naimi’s comments on the sidelines of an annual U.N. climate
change conference in Lima, Peru, stuck to the message he laid
out at OPEC’s meeting two weeks ago: the market would be left to
balance itself without the Kingdom’s intervention. That stance
was seen as a shift from longstanding Saudi policy to act as a
swing supplier.

Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 9, 2014