Ali al-Naimi

Saudi Arabian Oil Minister Ali al-Naimi said his country cut oil production in March because the market was oversupplied. Was this move an honest bid to a bid to expose the speculators and push prices back down, or an attempt to capitalize on the current instability to propel prices higher?

Will oil keep going higher? The oil minister of Saudi Arabia thinks so, even though OPEC does not appear ready to change its production targets in the near future. According to Bloomberg, Saudi Arabian oil minister Ali al-Naimi believes that demand and not supply is what will drive oil higher, but...