Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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No dip in oil demand, exports - Saudi's Naimi
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Saudi Arabia's Oil Minister Ali al-Naimi looks at documents at the beginning of an OPEC meeting in Vienna, June 8, 2011.
Credit: Reuters/Heinz-Peter Bader/Files
DUBAI |
DUBAI (Reuters) - Saudi Arabia sees neither a decline in global oil demand nor a reduction in the kingdom's exports due to increased output from Libya, Oil Minister Ali al-Naimi said on Sunday.
"I don't think it will decline because, even with the global economic situation, the expectation for 2011 is still 1 million barrels more than 2010 and expectations for 2012 it is between 1.1 million barrels and 1.3 million barrels," Naimi said in an interviewed on television channel Al Arabiya.
"The policy of the kingdom is to meet its client's demands, (if) they demand for more we increase output, if they demand less we decrease output," Naimi added.
Naimi also said the kingdom was working to increase gas supplies.
(Reporting by Mahmoud Habboush and Asma Alsharif)
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