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.
– Saudi Oil Minister Ali al-Naimi
100 dollars is a fair price for everybody - consumers, producers, oil companies.
It's a fair price. It's a good price.