Saudi Arabia’s Oil Minister al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna

Saudi Arabia’s Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna November 27, 2014.

Saudi Arabia’s Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna November 27, 2014. REUTERS/Heinz-Peter Bader

Saudis block OPEC output cut, sending oil price plunging