Al-Naimi rules out oil production cuts

By: Majid Al-Shabib

Riyadh-Mubasher: Saudi Oil Minister Ali Al-Naimi said that it is impossible for oil producers to cut their production to support prices.

The decline of feedstock prices is positive for petrochemical companies, yet the markets rely on the demand, al-Naimi added on the sidelines of the 6th KACST-Oxford Petrochemicals Forum 2016 in Riyadh.

MUBASHER Contribution Time: 12-Apr-2016 09:39 (GMT)
MUBASHER Last Update Time: 12-Apr-2016 09:39 (GMT)