Saudi foreign minister says ‘we will maintain our oil market share

05 Mar, 2016 7:42 pm

PARIS – Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel al-Jubeir said on Saturday.

“Our view is market forces determine the price of oil and we will maintain our market share and markets will recover,” he told a group of journalists in Paris. –Reuters

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