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Commodities Briefing - Categorized | Market Moves, Oil, People more

Saudi oil minister pledges to satisfy market needs

Posted on 10 October 2012

Saudi Oil Minister Ali al-Naimi said on Tuesday that the oil-rich Gulf kingdom will work to satisfy global energy markets and to “moderate” prices. “We will provide the markets with what they need,” Naimi told reporters on the sidelines of a ministerial meeting in Riyadh. “We will work to moderate prices.”
Addressing fellow ministers, Naimi warned that rising oil prices would affect economic growth across the globe, mainly in developing economies………………………………………..Full Article: Source


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