In an interview with the Saudi Press Agency about international oil market conditions, the Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi was quoted as saying: "The Kingdom of Saudi Arabia, in collaboration with the other OPEC countries, endeavors to ensure the stability of the international oil market and prevent oil prices from escalating in a way that may negatively affect the world economy or oil demand." "For achieving this goal," the minister added, "the Kingdom has increased its production during the last three months to meet the growing demand for Saudi oil. This increase amounted to more than one million barrels per day, bringing to more than 9.3 million barrels daily the average production of the Kingdom during the past three months. When the production of condensates and gas liquids is added, the production of Saudi crude averaged to ten million barrels daily." His Excellency said the Kingdom's policy aims at meeting all demands of its customers from international oil companies. --More 2011 Local Time 1711 GMT
