New Saudi oil minister says no radical change in oil policy

Author: Justin Low | Category: News

Newly appointed Saudi oil minister, Prince Abdulaziz bin Salman

  • Says OPEC+ agreement, with the will of everybody, will survive
  • "The pillars of Saudi policy" do not change
  • Hopes that 2H 2019 will be better than 1H 2019 with regards to oil production
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In case you didn't know, Prince Abdulaziz is the son of Saudi Arabia's King Salman. The move to appoint him as oil minister is a bit unprecedented as the royal family has not traditionally been involved in the appointment to such positions.

But I guess desperate times call for desperate measures.

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