Saudi Oil Minister Deflects Blame for Rising Prices: John Kemp

Saudi Arabia’s oil minister denied the kingdom’s recent production cuts have been intended to boost prices, in remarks at the World Petroleum Congress in Calgary on Sept. 18. “It’s not about . . . jacking up prices, it’s about making the decisions that are right when we have the data,” he said. Energy Minister Prince Abdulaziz bin Salman cited … Read more

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