OPEC must work with other producers – Saudi

RIYADH: Oil producers outside the Organization of the Petroleum Exporting Countries (OPEC) must cooperate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister has said.

“We refuse to take responsibility alone because [OPEC] produces 30 percent of market output and 70 percent comes from outside,” Ali al-Naimi said in remarks carried Monday by the Saudi Press Agency (SPA).