Naimi suggested that the prospects of future world energy industry is bright, calling on all participating companies in this event to continue finding positive changes in the lives of millions of people around the word. In comments, he said that tough and inaccurate speculations surfaced in the recent weeks regarding the recent developments at the world oil markets and the Saudi oil policy despite that the Saudi oil policy remained firm and intact over the last few decades. "Also today it has not changed", he cut it short. He noted that the Kingdom of Saudi Arabia is not a price-fixer, but the market is the one who fix the price. He added that the Kingdom wanted to work "with other producers to ensure price stability for the interest of producers, consumers and the industry at large". "Talk of a price war is a sign of misunderstanding, deliberate or otherwise, and has no basis in reality," Naimi told the gathering. "Saudi Aramco prices oil according to sound marketing procedures, no more and no less. These take into account a host of scientific and practical factors, including the state of the market", he added. "To us, the matter is simply demand and supply. It's a mere business", he said. He said that Saudi Arabia wants stable oil markets and prices as the matter is in the interest of producers, consumers and investors alike. Moreover, it helps boosting international economic long-term growth, particularly in the developing and emerging countries economies, he said. So, it is important that OPEC and non-OPEC members continue dialogue, whether they are producers or consumers, he concluded, pointing to the positive role of the International Energy Forum in the past. He urged the forum to continue this important role in the future.