Ali Naimi Quotes

We have offered up to 11 million (barrels a day), but have had no response whatsoever. - Ali Naimi

Uppermost in our minds is to maintain stability in the markets... We recognize that there is a need for additional production. The issue is when and how much. - Ali Naimi

These are turbulent times for oil markets. Prices are under pressure because the petroleum industries infrastructure is stretched thin. Most of the spare capacity of the 1980s and 1990s has disappeared, resulting in a system that has a much smaller margin for error. - Ali Naimi

The current price level is providing the returns needed to attract adequate investment. We believe spare crude oil production capacity will grow sufficiently in the next 3-4 years to restore some margin of safety to world crude markets. - Ali Naimi

The crude is available... If you want it, there it is. - Ali Naimi

OPEC says it has 2 million. You believe it or not... all they have to do is ask us. - Ali Naimi

Make it more difficult to overcome these bottlenecks in the system. - Ali Naimi

It is an excellent gesture from OPEC to provide 2 million barrels a day of spare capacity to the market... If the market feels it needs additional crude, they're welcome to it. It's there. - Ali Naimi

I'm always concerned about these types of things. We've said volatility in the market isn't a benefit to the producer and the consumer. - Ali Naimi

I have no control over prices. We accept that they're high, and of course, we want them to come down. - Ali Naimi

Page 1 of 2

Next -> Last ->>