DAVOS, Switzerland (Reuters) – Saudi Arabia doesn’t anticipate a right away scarcity of oil and solely a sure scarcity of oil merchandise, the nation’s overseas minister Prince Faisal bin Farhan Al Saud stated on Tuesday when requested why Riyadh has rebuffed U.S. calls to boost manufacturing.

The Saudi minister was addressing enterprise leaders on the World Financial Discussion board within the Swiss Alpine resort of Davos.