Saudi won’t cut oil output, foreign minister tells AFP

Saudi Arabia is “not prepared” to cut oil production, its foreign minister said on Thursday, after the top exporter agreed with Russia to freeze output if major rivals follow. “If other producers want to limit or agree to a freeze in terms of additional production that may have an impact on the market but Saudi Arabia is not prepared to cut production,” Adel al-Jubeir told AFP. The kingdom of Saudi Arabia will protect its market share and we have said so,” he said in an interview.

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