Al-Naimi denies proposal for reducing oil output

Riyadh-Mubasher: The growing global demand for oil will help overcome the expected leap in Iran's oil production next year, said Ali Al-Naimi, Saudi minister of petroleum.

He rebutted news that Saudi Arabia proposed oil reduction, noting that the market is open for all, Al-Riyadh newspaper reported.

Mubasher Contribution Time: 04-Dec-2015 11:36 (GMT)