Saudi Aramco Chief Executive Officer Khalid al-Falih speaks to the media at the company's booth during Petrotech 2014 (a petrochemicals conference) at the Bahrain International Exhibition Centre in Manama May 19, 2014. REUTERS/Hamad I Mohammed
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
So it was seen as a sign that new Saudi Energy Minister Khalid al-Falih takes OPEC seriously when he landed in Vienna Monday, three days before the Organization of Petroleum Exporting Countries' upcoming discussions.For veteran OPEC watcher Gary Ross, founder of New York-based consultancy PIRA, that signals expectations should be low as far as OPEC policy is concerned.For decades, Saudi Arabia, Vienna-based OPEC's largest producer and de facto leader, had a preferred range for oil prices and, if unhappy, would try to orchestrate a group-wide production cut or increase.Tuesday, Falih visited OPEC headquarters to meet Secretary-General Abdullah al-Badri, staying for 90 minutes in a clear display that despite being a busy man, he has time for the producer group.
FOLLOW THIS ARTICLE