Ali Naimi
Ali Naimi
Ali bin Ibrahim Al-Naimi,was the Saudi Arabian Minister of Petroleum and Mineral Resources from 1995 to 2016...
benefit concerned market producer types volatility
I'm always concerned about these types of things. We've said volatility in the market isn't a benefit to the producer and the consumer.
difficult overcome
make it more difficult to overcome these bottlenecks in the system.
comment country friendly interfere
I don't comment or interfere in other countries, particularly a country that is very friendly to Saudi Arabia.
additional barrels capacity excellent feels gesture market million needs provide spare welcome
It is an excellent gesture from OPEC to provide 2 million barrels a day of spare capacity to the market, ... If the market feels it needs additional crude, they're welcome to it. It's there.
additional issue maintain minds recognize stability
Uppermost in our minds is to maintain stability in the markets, ... We recognize that there is a need for additional production. The issue is when and how much.