Riyadh - SPA
Saudi Minister of Petroleum & Minerals described the drop of oil prices as a passing problem. He cited several reasons that led to this problem including substantial slowdown of world economy growth and increased oil supply from outside OPEC combined with a significant decline of demand. He confirmed that the Saudi economy is robust and can withstand temporary price fluctuations.
Last Modified Date: 18/12/2014 - 11:28 AM Saudi Arabia Time
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