Brent crude crashed below the $60 per barrel level again on Monday after Saudi Arabia’s oil minister said his country would not intervene to revive prices.
Ali al-Naimi – who oversees the world’s largest exporter of crude – said in an interview that even if the price of oil fell to $20 per barrel the kingdom would do nothing to arrest the decline.
"Whether it goes down to $20, $40, $50, $60, it is irrelevant," he said in an interview with Middle East Economic Survey (Mees).
Ali al-Naimi – who oversees the world’s largest exporter of crude – said in an interview that even if the price of oil fell to $20 per barrel the kingdom would do nothing to arrest the decline.
"Whether it goes down to $20, $40, $50, $60, it is irrelevant," he said in an interview with Middle East Economic Survey (Mees).




