Not really surprising anyone, former Saudi Arabia oil inister Ali Al-Naimitold a forum in Washington that it “remains to be seen” if the OPEC deal is successful, noting that the “market is set to rebalance if everyone cuts production” but added “we tend to cheat.”
Having been replaced in May, former Sauid oil minister Al-Naimi had plenty to say today…
*FORMER SAUDI OIL MINISTER ALI AL-NAIMI SPEAKS IN WASHINGTON *AL-NAIMI SAYS MORE SHALE OIL, GAS TO BE FOUND WORLDWIDE *AL-NAIMI SAYS MARKET TO BALANCE IF EVERYONE CUTS PRODUCTION *AL-NAIMI SAYS `REMAINS TO BE SEEN’ IF OPEC DEAL SUCESSFULL *ON OPEC DEAL, AL-NAIMI SAYS ‘WE TEND TO CHEAT’
This post was published at Zero Hedge on Dec 2, 2016.
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