Posts

Showing posts from May, 2026

Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit

Image
Saudi oil prince's iron grip faces ultimate test with UAE's shock OPEC exit By Yousef Saba, Ahmad Ghaddar and Maha El Dahan May 1, 2026 11:48 AM PDT Updated 1 hour ago [1/2]Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al Saud speaks during a session of the Russian Energy Week international forum in Moscow, Russia, October 15, 2025. REUTERS/Ramil Sitdikov/File Photo Purchase Licensing Rights, opens new tab Summary Saudi Arabia's energy minister Prince Abdulaziz is half-brother of Crown Prince Early years of diplomatic touch have transformed into an iron grip on OPEC UAE exit a critical test for Prince Abdulaziz's influence over oil markets May 1 (Reuters) - Saudi Energy Minister Prince Abdulaziz bin Salman now has an OPEC challenge to deal with on top of the largest ever disruption to global oil supplies. The Iran war ​has not only hobbled Gulf crude exports but has meant Saudi Arabia and other members of the group of oil-producing countries are unab...