Saudi oil minister stresses committed to stable oil supplies

The Saudi minister of oil and mineral resources Ali al-Nueimi has stressed that Saudi Arabia is committed to stable oil supplies and a just price for oil.

In statements issued on Tuesday by the Saudi daily Okaz concerning his country's position towards the call to use oil as a political weapon the Saudi minister said " our position and in collaboration with all producers inside OPEC and outside it is to keep the price of oil stable."

Al-Nueimi added we have proven through several crisis that Saudi Arabia and OPEC are confidential and are reliable concerning oil supplies and the fairness of the price.