Ali Naimi Quotes

[With Tuesday's move,] We believe that the market will be in equilibrium... We believe the supply and demand will be in balance.

- Ali Naimi

Tags

Move | Market | Equilibrium | Supply | Demand |

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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

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