Just over three months on the job, Saudi Arabia's energy minister has already faced unprecedented challenges.
In the weeks leading up to OPEC's year-end meeting, oil watchers engaged in rampant speculation as to the group's next move, all against the backdrop of an uncertain global economic outlook, the pricing of Saudi Aramco's IPO and the ongoing failure of key OPEC members to comply with cuts.
"He has a quiet authority," a senior aide to the prince said. "He's not easily intimidated by media hype and policy reports. He's very focused on his objective." "1.6 million bpd … I think it would be more effective, no doubt about that," Thamer Ghadhban said. Iraq is one of OPEC's biggest offenders when it comes to compliance, consistently violating output cut agreements.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OPEC, Russia debate deeper oil cuts as new glut loomsRussia expects a constructive meeting with OPEC producers this week, its energy ...
Read more »
Here are 5 major storylines to follow heading into the big OPEC meeting this weekOPEC's bi-annual meeting kicks off Thursday in Vienna. Here's what to watch.
Read more »
JP Morgan expects bigger OPEC production cuts and no more 'free passes' for U.S. shale drillersJ.P. Morgan analysts expect OPEC and Russia to expand production cuts by 300,000 barrels a day, while others see the current deal extended.
Read more »
Deeper oil cuts and stricter compliance both top of the agenda as OPEC+ gather in ViennaAn upcoming meeting between OPEC and non-OPEC allies could see the group deepen oil production curbs, energy analysts told CNBC.
Read more »
OPEC gearing up for deeper oil cuts, Russia yet to agreeOPEC is gearing up to deepen oil supply cuts later this week but still needs to ...
Read more »
OPEC and Aramco Are Too Close for ComfortNews that OPEC may extend output curbs at their meeting this week initially sent benchmark crude prices up. Spencerjakab explains why that may not necessarily be a good thing for Saudi Aramco shareholders. WSJWhatsNow
Read more »