<blockquote>'Saudi Arabia convinced its fellow OPEC members that it was not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey (MEES).
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"Whether it goes down to $20, $40, $50, $60, it is irrelevant," he said.
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OPEC's decision not to reduce production at a meeting in November sped up the decline in already falling oil prices. Prospects for a cut in the near future look remote.'
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SAUDI OIL MINISTER: I Don't Care If Prices Crash To $20 — We're Not Budging, December 22, 2014</blockquote>
Context<blockquote>
(Oil target bandwidth price: $20 - $40) - '..shale oil .. remains commercially viable .. below $42..'</blockquote>