Saudi Arabia won’t support producers with high oil prices

Saudi Arabia won’t support producers with high oil prices

Minister of Foreign Affairs of Saudi Arabia, Adel al-Dzhubeyr, said today that Riyadh doesn’t politicize the oil problems and their actions are explained by by economic considerations.

He stressed that the market determines the oil price in dependence on supply and demand. "The goal of Saudi Arabia is to preserve its market share without support of producers with high oil prices,’’ RIA Novosti cites him as saying.

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