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Saudi Arabia won't stop pumping oil, says minister
Saudi Arabia will continue to pump record amounts of oil in the face of decade-low energy prices, the kingdom's oil minister has said. The world's largest single producer of crude oil said it would not relent in its policy to flood the world's oil markets, and had additional capacity to meet further global demand. "We will satisfy the demand of our customers," oil minister Ali Al-Naimi said. "We no longer limit production. If there is demand, we will respond. We have the capacity to respond to demand.” Mr Naimi described his government's stance as a "reliable policy" as appetite for the commodity is set to pick ... (full story)
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