Saudi Arabia far from economic crisis, says crown prince
Muhammed bin Salman gave an interview with The Economist this month - here's what Petroleum Economist picked out
Muhammed bin Salman, Saudi Arabia’s youthful deputy crown prince, defence minister and, according to most kingdom-watchers, the power behind the throne, gave a lengthy interview to The Economist on 4 January. Several answers were significant for the oil market and investors. On Saudi oil-market policy The kingdom has pursued a laissez-faire strategy in oil markets since November 2014, when it directed Opec not to stop a price slump. Since then, Saudi output has been high and its sales tactics aggressive, including discounts to customers in Asia and Europe. Oil prices have plummeted in part thanks to this policy, which is designed to recover market share lost in recent years to higher-cost pr
Also in this section
27 May 2025
Country is boosting domestic energy production while targeting development of oil and gas reserves in Africa and Asia
27 May 2025
A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
