How a Saudi Royal Sparked an OPEC Deal and Sent Oil Prices Past $50 - News Summed Up

How a Saudi Royal Sparked an OPEC Deal and Sent Oil Prices Past $50


Saudi Arabia’s deputy crown prince sent his energy minister to an OPEC meeting last month with a difficult mission: Make a deal with rival Iran but don’t compromise the kingdom’s ability to fight for oil-market share, people familiar with the matter said. The directive was a departure for Deputy Crown Prince Mohammed bin Salman, the powerful 31-year-old son of King Salman who is prosecuting Saudi Arabia’s war in Yemen against Iran-backed rebels. Prince Mohammed scuttled previous attempts at oil-production deals with the...


Source: Wall Street Journal October 06, 2016 14:13 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */