Saudi Arabia doesn't want oil prices to cripple global economy, finance minister tells CNBC

RIYADH: Saudi Arabia doesn't want high oil prices that will cripple global economy recovery, but the Kingdom has no say on what prices are as they are determined by the market, finance minister Mohammed Al Jadaan told CNBC in an interview.

"I think we need to see a price that is good for investors, good for producers so that they can continue investing because the world needs the energy, and does not actually impact negatively the world's recovery particularly in a time like this," he told the American TV channel.