Ali Naimi

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Last quote by Ali Naimi

Saudi Arabia tried in the past to play the role of the swing producer by reducing production to maintain a specific price, but the result was unfavorable to the kingdom. Despite the fact that its production fell from more than 10 million bpd in 1980 to less than 3 million bpd in 1985, prices collapsed. As a result, the kingdom not only lost in terms of prices but also lost its market share at that time. We have abandoned once and for all the role of swing producer.
Feb 01 2017
The latest quote from Ali Naimi is: “Saudi Arabia tried in the past to play the role of the swing producer by reducing production to maintain a specific price, but the result was unfavorable to the kingdom. Despite the fact that its production fell from more than 10 million bpd in 1980 to less than 3 million bpd in 1985, prices collapsed. As a result, the kingdom not only lost in terms of prices but also lost its market share at that time. We have abandoned once and for all the role of swing producer.”. It comes from the RPT-COLUMN-Saudi Arabia cannot escape destiny as swing producer: Kemp article. You’ll find on this page 1 article with Ali Naimi quoted on topics such as Saudi Arabia and price. Ali Naimi has been quoted 1 times in 1 article.
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