Saudi Arabia would 'supply oil' if Ukraine tensions rise

Saudi Oil Minister Ali al-Naimi said on Monday the world's top exporter was willing to supply markets with more crude oil in case any shortage arises, if the crisis between Russia and the West over Ukraine worsens.

Speaking on the sidelines of a conference in Seoul, Naimi also said $100 a barrel was a fair price for oil.

100 dollars is a fair price for everybody - consumers, producers, oil companies.

It's a fair price. It's a good price.

– Saudi Oil Minister Ali al-Naimi

Read more: '89 per cent' of eastern Ukraine voters back self-rule

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Cameron offers more Typhoons for Nato air mission

Britain will offer another two Typhoon warplanes to patrol the skies of eastern Europe amid continuing tensions with Russia over the Ukraine cris, David Cameron has said.