Saudi Oil minister says OPEC will not cut, no matter how far prices fall.
Ali al-Naimi, Saudi Arabia’s oil minister, says the kingdom has convinced fellow OPEC members that it is not in the group’s interest to cut oil output, regardless how far prices might fall.

Speaking in an interview with the Middle East Economic Survey (MEES), Naimi said, “As a policy for OPEC, and I convinced OPEC of this, even Mr. al-Babri (the OPEC Secretary General) is now convinced, it is not in the interest of OPEC producers to cut their production, whatever the...

Legal Notice