Oil Price Logical for Producers: Naimi
Saudi Arabia's Oil Minister Ali al-Naimi said in Riyadh on Tuesday that the current oil prices are logical for producers and will not have a big impact on the growth of world economy, according to Reuters.
The decline in demand has led to lower rates of pumping, added al-Naimi.
World oil prices rose slightly on Tuesday, after slumping to near six-month low points last week.
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