Naimi: Market Can Absorb North American Output

摘要

Increased demand for oil from a growing global population means that the international market can accommodate new production of crude from North America and elsewhere, Saudi Arabian Oil Minister Ali Naimi said on Monday. “The expanding human population wants, and needs, ever more energy,” Naimi said in a speech at the Brookings Instutute in Doha. “I don’t think anyone should fear new supplies when set against increasing global demand.”