Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
The following is a partial transcript of remarks by Mr Naimi ahead of the 4 December OPEC meeting in Vienna:
ON SUPPLY AND DEMAND
Q: The call on OPEC crude is lower in the first half of next year. Is there a need to cut production?
A: I do not think there is a decrease in the call on OPEC.
Q: OPEC’s latest report puts it at less than 30mn b/d.
A: These are projections. We do not know what the facts will be.
Q: Do you have room to cut in 2014?
A: To cut? Why?
Q: You don’t think in 2014 a cut is possible? (CONTINUED - 1090 WORDS)