Saudi Arabia is better equipped to wait out currently low oil prices than other producers, Saudi Aramco Chairman Khalid al-Falih said on Monday, adding that he expected a more stable market “some time in 2016”. “Saudi Arabia more than anyone else has the capacity to wait out the market until this balancing takes place,” he told a news conference. The comment by the head of the state oil company was in line with Saudi Arabia’s no-cut oil policy on output despite a sharp fall in global oil prices since mid-2014. “Our production policy has been clear, we will meet out customers’ demand and will not leave our customers short of energy,” he said. Saudi Arabia, the world’s […]