Saudi Arabia Oil Minister Ali al-Naimi: Saudi Arabia will not cut its oil production

Market news

13 April 2016

Saudi Arabia Oil Minister Ali al-Naimi: Saudi Arabia will not cut its oil production

Saudi Arabia Oil Minister Ali al-Naimi said on Wednesday that the country would not lower its oil production.

Top oil producers will meet in Doha on April to discuss the freeze of the oil output at January levels. Iran will send only a government representative to this meeting.

Before the bell: S&P futures +0.46%, NASDAQ futures +0.70%

Producer prices in Japan fall 0.1% in March

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