Saudi Arabia's Energy Minister Prince Abdulaziz Salman at the 24th World Energy Congress in Abu Dhabi, United Arab Emirates, today, where the prince appeared to swing his support behind further output reductions to rebalance the crude market. – EPA pic, September 9, 2019.
SAUDI Arabia’s new energy minister Prince Abdulaziz Salman today reportedly endorsed curbing oil output to address an oversupply, as major producing nations prepare to deliberate fresh cuts. In his first comments since being appointed by his father King Salman yesterday, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of Opec, which pumps about a third of the cartel’s oil.
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