16:03 / 04.03.2015 Ali al-Naimi, who served as oil minister of Saudi Arabia, said that as soon as the price of oil stabilizes.
The Minister noted that the peak of the fall in oil prices has already passed, the market is starting to improve. Al-Naimi stresses that supply and demand are not balanced yet, but this trend is planned.
Analysts say that such a cautious optimism on the part of the largest exporter of oil shows the improvement in the market and will help to increase the price of oil. Today Pronedra wrote that the price of Brent crude fell again to 60.72 dollars, but kept at around $ 60 higher for several days, showing low volatility.
Al-Naimi said that Saudi Arabia will not reduce the volume of production, as its oil demand and buyers are not ready to give up on supplies. There are no prerequisites for this Minister does not see.
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