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Saudi oil minister denies 'conspiracy theory' behind OPEC decision

Published 03/22/2015, 01:55 PM
Updated 03/22/2015, 02:01 PM
© Reuters. Saudi Arabia's Oil Minister al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna

RIYADH (Reuters) - Saudi oil minister Ali al-Naimi denied on Sunday that there was a "conspiracy theory" behind OPEC's decision in November to keep oil output unchanged.

"There is no conspiracy and we tried to correct all the things that have been said but nobody listens," he told a conference in Riyadh. "We are not against anybody we are with whoever wants to maintain market stability and the balance between supply and demand and (with regards to) price the market decides it."

© Reuters. Saudi Arabia's Oil Minister al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna

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