Zev Porat

Wednesday, December 30, 2015

Saudi to stick with oil output despite low prices

Saudi to stick with oil output despite low prices

Saudi Arabia's oil minister said on Wednesday his country won't change policy and will continue with the current output level that has kept prices at historic lows. The kingdom - a member of Organisation of Petroleum Exporting Countries (OPEC) - has seen a sharp drop in revenues as oil prices have plummeted more than 60 percent…

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