Reuters:
Inside OPEC room, Naimi declares price war on U.S. shale oil

Saudi Arabia's oil minister told fellow OPEC members they must combat the U.S. shale oil boom, arguing against cutting crude output in order to depress prices and undermine the profitability of North American producers.

Full Article:
http://www.reuters.com/article/2014/11/28/us-opec-meeting-shale-idU...

My Source was OilPro dot com