Saudi Arabia’s oil minister Ali al-Naimi said Tuesday that the kingdom’s crude production will continue around 10 million barrels per day, close to a record high, signalling that his country is determined to ride out the price slide without making any output cut. “In terms of petroleum, I expect that prices will improve in the near future, that the Kingdom’s production will continue at approximately 10 million barrels per day,” Mr. Naimi said in a speech at an economic event in Riyadh. The world’s top oil exporter is willing to participate in restoring market stability and restoring prices, but it can only do so with participation from major oil producing countries inside and outside the Organization of the Petroleum Exporting countries, he said.