Quotes of the Day

Ali al-Naimi, Saudi Arabia's oil minister speaks to the media during the 157th Organization of Petroleum Exporting Countries (OPEC) meeting.
Tuesday, Nov. 02, 2010

Open quoteProducers, consumers and companies are all happy with this price.Close quote

  • ALI AL-NAIMI,
  • Oil Minister of Saudi Arabia, on the decision to increase oil prices to the $70-$90 a bbl. range; the target price since November 2008 had been $75 a bbl.
Photo: Vladimir Weiss / Bloomberg / Getty Images | Source: Reuters