05 March 2016, Paris — Saudi Arabia will maintain its oil market share and the idea that it would cut production while other countries increase it is “not a realistic one,” Saudi Foreign Minister Adel al-Jubeir said on Saturday.
“Our view is market forces determine the price of oil and we will maintain our market share and markets will recover,” he told a group of journalists in Paris.
*Leigh Thomas; Maya Nikolaeva. Editing – Jane Merriman – Reuters