Saudi Oil Minister Ali al-Naimi speaks to journalists ahead of the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria on November 27, 2014. AFP PHOTO/SAMUEL KUBANI
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)
For more than two decades, the oil market hung to Ali al-Naimi's every word – whether he was taking a characteristic stroll at dawn on Vienna's Ringstrasse, hurrying through a hotel lobby after a conference, or dodging throngs of reporters at an OPEC meeting. Now that he's done with his near 21-year stint as Saudi Arabia's oil minister, during which his utterances could move everything from crude to currencies and stocks worldwide, Naimi says he doesn't want to talk about the market anymore. Saudi Arabia is embarking on a $50 billion renewable resources push to meeting growing energy demand while tempering domestic oil use.OPEC and some other producers including Russia started cutting output last month as part of a deal aimed at easing bloated global inventories, with Saudi Arabia making significant curbs to its production.
FOLLOW THIS ARTICLE