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Saudi foreign minister says 'we will maintain our oil market share'
March 5, 2016 / 12:12 PM / in 2 years

Saudi foreign minister says 'we will maintain our oil market share'

PARIS (Reuters) - Saudi Arabia will maintain its oil market share and the idea that it would cut production, while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel al-Jubeir said on Saturday.

A driver waits to fill his car with fuel at a petrol station in Riyadh, Saudi Arabia, December 22, 2015. REUTERS/Faisal Al Nasser

“Our view is market forces determine the price of oil and we will maintain our market share and markets will recover,” he told a group of journalists in Paris.

Reporting by Leigh Thomas; writing by Maya Nikolaeva. Editing by Jane Merriman

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