Saudi Oil Minister Calls for Well-balanced Oil Market

April 30, 2013

Saudi Minister of Petroleum and Mineral Resources Ali Al-Naimi spoke to an audience at the Center for Strategic and International Studies in Washington, D.C. today on the dynamic changes taking place within the global energy industry. Minister Al-Naimi focused on energy markets and the opportunities and challenges experienced by the global community.

“We [Saudi Arabia] have never failed in our commitment to global energy market stability,” said Minister Al-Naimi.  “Our number one interest is a well-balanced oil market, which leads to a healthy global economy,”

His Excellency highlighted the multi-faceted nature of the Saudi-U.S. relationship. He stated, “…the U.S-Saudi relationship remains vital, that it is one of partnership and trust and that like oil itself, it is enduring.” The minister continued, “Into the future, it is important we continue to work together to ensure oil market stability and prosperous futures for all.”