No 45



Naimi Reiterates OPECs $25/B Price Target As Russia Calls For Output Hike

Saudi Oil Minister Ali Naimi said on 2 November that OPEC would continue to seek oil market stability with an oil price of $25/B. An average price of $25/B has over the past four years proved to be good for both producers and consumers... and reflected positively on the global economy," Mr Naimi said in comments made after the GCC oil ministers meeting in Doha, according to the SPA news...