Naimi on Thursday refused to be drawn on the possibility that OPEC will announce a cut in its crude production at an emergency policy meeting here on Friday to decide how to shore up prices while the world heads into a recession.
Asked by reporters (...)
Naimi said Tuesday that the oil market is “fairly well balanced,” suggesting that the 13-nation OPEC meeting here later Tuesday would decide to keep crude production steady, despite their concerns over rapidly falling prices.
“I think things are in (...)
