Saudi oil minister says OPEC strategy working
OPEC's strategy of not cutting production in order to maintain market share is working, Saudi Arabia's oil minister said Monday as he arrived for a meeting of the cartel to decide on output levels./ Asked if this strategy pushed by OPEC kingpin Saudi Arabia was working, Ali al-Naimi told reporters in Vienna: "The answer is yes... Demand is picking up. Supply is slowing. This is a fact. The market is stabilising." "You can see that I am not stressed, that I am happy," he said. The 12-nation OPEC cartel, pumping some 30 percent of the world's ...
Click
To Read Full Article