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Saudi oil minister: Cutting production will not happen

Discussion in 'Market News' started by ForexLive, Feb 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    More from Saudi oil minister Al-Naimi: - I think solar will be the answer in the future - High cost producers face an inevitable reckoning - We are in a painful downturn but the market will rebalance and demand will pick up He says fossil fuels will continue to play a part in the energy mix but the senior leaders in Saudi Arabia believe that oil is essentially coming to an end. That means they will want to pump it at any price.

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