Saudi oil minister: only Allah could control oil prices

Saudi oil minister: only Allah could control oil prices

No one is able to control the price of oil, influential Saudi Oil Minister Ali Al-Naimi said, commenting on the refusal of the kingdom to reduce the level of oil production.


"No one can set the price of oil – it's up to Allah," Gazeta.ru cited him as saying.


The minister added that he was "not worried at all" about the prospect of Iranian crude coming back onto the market, which could drive prices lower.

 

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