| 'You can see that I am not stressed, that I am happy,' says Saudi Arabia's oil minister. Opec's strategy of not cutting production in order to maintain market share is working, Saudi Arabia's oil minister said as he arrived for a meeting of the cartel to decide on output levels.
Asked if the strategy pushed by Opec kingpin Saudi Arabia was working, Ali al-Naimi told reporters in Vienna: "The answer is yes... Demand is picking up. Supply is slowing. This is a fact. The market is stabilising. "You can see that I am not stressed, that I am happy." The 12-nation Opec cartel, pumping some 30pc of the world's oil, is expected on Friday to maintain its official production target of 30m barrels per day (bpd)......................................Full Article: Source
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