Chairman of the state-owned Saudi Arabian Oil Company Khalid al-Falih: the country will not cut its oil production

Market news

9 November 2015

Chairman of the state-owned Saudi Arabian Oil Company Khalid al-Falih: the country will not cut its oil production

Chairman of the state-owned Saudi Arabian Oil Company (Saudi Aramco), Khalid al-Falih, said in an interview with the Financial Times that the country will not cut its oil production.

"The only thing to do now is to let the market do its job. There have been no conversations here that say we should cut production now that we've seen the pain," he said.

Bank of France’s new governor and European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau: the inflation expectations in the Eurozone is still too low and uncertain

European Central Bank purchases €12.93 billion of government and agency bonds last week

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