Thursday, 12 September 2019

#Saudi Prince Abdulaziz: oil hawk with soft diplomacy touch - Reuters

Saudi Prince Abdulaziz: oil hawk with soft diplomacy touch - Reuters:

OPEC is notorious for arguing over production policies - but Prince Abdulaziz bin Salman has effectively managed to deliver his first output cut just four days after becoming the new Saudi energy minister.

With an impending listing of state oil giant Saudi Aramco and rising Saudi budget needs, the issue of higher oil prices is looming large for Prince Abdulaziz.

But when he first met fellow Gulf oil ministers and OPEC officials this week, his first message wasn’t about oil prices.

Prince Abdulaziz said first and foremost he was keen to rebuild trust with oil neighbors Kuwait, the United Arab Emirates, Oman and other OPEC members, sources familiar with the meetings in Abu Dhabi said.

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