Financial Times | Saudi counters 'lower for longer' oil mantra Financial Times Saudi Arabia's veteran oil minister made clear late last year that the kingdom would no longer prop up the oil market, saying it was tired of cutting output to guarantee $100 a barrel for high-cost rivals. Ali al-Naimi added that even if oil “goes down ... Russia, Saudi Arabia, Iran, Turkey tussle over Syria, oil prices The Kingdom Offers Less Oil OPEC to keep supply intact despite fears of $20 oil |