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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