Saudi Arabia would be willing to work with other producers but won't balance market alone -...

Discussion in 'Market News' started by ForexLive, Jan 21, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Comments from Saudi Arabia's state-owned oil company: - Saudi Arabia will not accept role of balancing structural imbalance in market alone - It was inevitable to let the oil market balance itself We're left with the same conundrum. The Saudis are willing to cut production only if all the major producers follow suit but there's no way others will play along.

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