No. 13



Press Briefing by Saudi Oil Minister

The following is the question-and-answer text of a press briefing given by the Saudi Oil Minister, Ali al-Naimi, in Vienna on 17 March to a group of journalists, including Ian Seymour and Walid Khadduri of MEES.

Q: What do you mean when you say that you want to see a tighter price band?

A: It is not so much a tighter band, as it is to see narrower swings and fluctuations. We do not want to see the price swing between $22 and...