Saudi Arabia ‘confident’ oil prices will improve

Saudi Oil Minister Ali al-Naimi (C) speaks with United Arab Emirates Energy Minister Suhail bin Mohamed al-Mazroui (R) during the opening session of the 10th Arab Energy Conference in Abu Dhabi, on December 21, 2014. (Reuters)

While Saudi Arabia’s oil minister blamed on Sunday non-cooperation by producers outside of the Organization of the Petroleum Exporting Countries (OPEC) and the actions of speculators for lower oil prices, he expressed confidence that the market would improve.
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Source News: Alarabiya