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Old 03-04-2015, 08:22 PM   #41
Red
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Saudi Oil Minister

From my perspective, demand is gradually rising, global economic growth seems more robust and the oil price is stabilizing. Saudi Arabia’s quest for market share is simply an effort to satisfy rising customer demand. We seek calm markets, because this benefits everyone.

Today, it is not the role of Saudi Arabia, or certain other OPEC nations, to subsidize higher cost producers by ceding market share. And the facts on the ground are very different anyway. Non-OPEC supplies are much larger than they were in the 1980s and a much more multi-national approach is required.




http://www.businessinsider.com/naimi...t-thing-2015-3
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