Special to WorldTribune.com Saudi Arabia’s oil minister had a message for high-cost producers on Feb. 23: Saudi is quite content to ride out low prices and those who aren’t should “get out” of the market. “Inefficient, uneconomic producers will have to get out, that is tough to say, but that’s fact,” Ali Al-Naimi said after […]
Special to WorldTribune.com ABU DHABI — A leading Saudi prince has warned of the threat to the Gulf Arab kingdom by the emerging U.S. shale industry. Prince Al Walid Bin Talal warned that Saudi Arabia was being threatened by the growing U.S. shale energy industry. Al Walid, deemed one of the richest men in the […]
