| Oil-market stability will be achieved through cooperation among major producers but this will likely take time, Saudi oil minister Ali al-Naimi said Sunday, signaling the world’s top petroleum exporter is still not prepared to take sole responsibility for propping up the oil price.
“As you know, the oil market has witnessed over its long history periods of instability, severe price fluctuations and petro-economic cycles. This is one of them,” Mr. Naimi told an energy gathering in Riyadh. “Market forces, as well as the cooperation among the producing nations, always lead to the restoration of stability. This, however, takes some time.”..............................................Full Article: Source
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