OPEC

Saudi Oil Policy In Spotlight As King Admitted To Hospital

Saudi Oil Minister Ali al-Naimi, in a recent interview with MEES, laid out a hardball ‘whatever it takes’ strategy for OPEC to defend market share even at the expense of lower prices. But would this bold new policy survive a change of leadership in the kingdom?

Saudi Arabian King ‘Abd Allah was admitted to hospital on 31 December for medical tests, according to an official announcement by the royal court....