Saudi Arabia far from economic crisis, says crown prince
Muhammed bin Salman gave an interview with The Economist this month - here's what Petroleum Economist picked out
Muhammed bin Salman, Saudi Arabia’s youthful deputy crown prince, defence minister and, according to most kingdom-watchers, the power behind the throne, gave a lengthy interview to The Economist on 4 January. Several answers were significant for the oil market and investors. On Saudi oil-market policy The kingdom has pursued a laissez-faire strategy in oil markets since November 2014, when it directed Opec not to stop a price slump. Since then, Saudi output has been high and its sales tactics aggressive, including discounts to customers in Asia and Europe. Oil prices have plummeted in part thanks to this policy, which is designed to recover market share lost in recent years to higher-cost pr
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
