Reading The Runes Of Saudi Oil Policy

Despite geopolitical interpretations of Saudi oil policy, the reality is more prosaic.

-By John Sfakianakis*

The passing of King Abdullah and the advent of King Salman is a time of continuity in the Kingdom’s oil policy not a time of radical change. Saudi Arabia took a bet in the most recent OPEC meeting in November in deciding whether or not to cut oil output. The parlor game of divining why Saudi Arabia has decided not to cut...