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Oil Prices Go Up And Down, Up And Down Says Saudi Oil Minister Amid Concerns
2014-12-14 18:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Business Times: Saudi oil minister Ali al-Naimi spoke to reporters on the side lines of an annual UN climate change conference in Lima, Peru. According to a report by Sydney Morning Herald the minister pointed out that oil, just as any other commodity, is subject to price fluctuation. "For any commodity, what does it do? It goes up and down, up and down," the minister reportedly said. With OPEC countries not agreeing to cut oil production, all eyes will be on global demand for the commodity. A significant drop...
Tags: prices
oil
concerns
minister
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