Saudi Arabia’s Prince Al Waleed bin Talal slams kingdom’s oil policy | The National:
"One of Saudi Arabia’s most prominent businessmen, Prince Al Waleed bin Talal, has publicly criticised his country’s oil policy, which in recent weeks has signalled an acceptance of lower oil prices in an effort to shake out higher-cost producers.
In an open letter addressed to the Saudi oil minister, Ali Al Naimi, Prince Al Waleed pointed to widely publicised remarks Mr Al Naimi made in Kuwait last month in which the minister said lower oil prices were “no cause for alarm”.
The prince wrote: “We would like to express our surprise and bafflement and repudiation of these statements and others like it that seek to downplay the negative impact lower oil prices would have on the kingdom’s budget.”"
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