Saturday 4 June 2016

Saudi Arabia oil chief breathes life into Opec, for now - FT.com

Saudi Arabia oil chief breathes life into Opec, for now - FT.com:

"When Khalid Al Falih was brought in as the Saudi health minister last year, the technocrat was charged with rejuvenating the kingdom’s inefficient healthcare sector that had gone off course. Now, in his role as the kingdom’s energy minister, Mr Falih is bringing his skills to Opec — a once mighty organisation that has been written off as dead by many industry observers.
At the Vienna meeting of ministers this week, Mr Falih demonstrated why he has the hard won reputation for being a safe pair of hands. Although Opec did not agree on a new output target, he was able to harness the group’s disparate members whose economies have been battered by a two-year slump in oil prices and present a unified front."



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