Saudi Arabia "not prepared" to cut oil production - AFP

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18-02-2016 | 14:12
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Saudi Arabia "not prepared" to cut oil production - AFP
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Saudi Arabia "not prepared" to cut oil production - AFP
Saudi Arabia is "not prepared" to cut oil production, Agence France-Presse reported, quoting the Saudi foreign minister Adel al-Jubeir.
 
"If other producers want to limit or agree to a freeze in terms of additional production that may have an impact on the market but Saudi Arabia is not prepared to cut production," al-Jubeir told AFP in an interview. 
 
"The oil issue will be determined by supply and demand and by market forces. The kingdom of Saudi Arabia will protect its market share and we have said so."
 
 
REUTERS

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