Saudi Arabian Foreign Minister Adel al-Jubeir: the country is not ready to lower its oil output

Market news

7 March 2016

Saudi Arabian Foreign Minister Adel al-Jubeir: the country is not ready to lower its oil output

Saudi Arabian Foreign Minister Adel al-Jubeir said on Saturday that the country was not ready to lower its oil output, while other oil producers would increase their oil production.

"Our view is market forces determine the price of oil and we will maintain our market share and markets will recover," he said.

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