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Saudi Arabia satisfied with the current oil price
- Saudi Arabia: Monday, November 12 - 2012 at 01:32
Saudi oil minister has said the global oil market is in a good shape and the kingdom is happy with the current oil price, Reuters has reported. "The question is how is the world economy doing now; is it doing better than it was doing in March? Yes it is. So it is a good price," Ali Al-Naimi said, referring to the Brent price which settled at $109.40 a barrel on Friday. "The market really is in good shape. We are very happy with the situation in the market," he said.
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