"If I reduce, what happens to my market share? The price will go up and the Russians, the Brazilians, US shale oil producers will take my share."
Naimi added it is "unfair" for the cartel to reduce output because it is not pumping most of the world's oil.
"We produce less than 40 percent
http://www.jamaicaobserver.com/busin...Saudi_18139743
Naimi added it is "unfair" for the cartel to reduce output because it is not pumping most of the world's oil.
"We produce less than 40 percent
http://www.jamaicaobserver.com/busin...Saudi_18139743