Saudi Arabia's capacity to generate additional oil money has been hindered by a low pricing environment and ongoing output cutbacks.
However, Saudi Minister of Energy Prince Abdulaziz Bin Salman (ABS) believes that the Kingdom must endure current market conditions to achieve better oil revenues in the future.
This note delves into the following key aspects:
- Saudi oil strategy
- ABS views on the Saudi oil situation
- Aramco’s plan under the current market conditions
- The note also sheds light on ABS’ stance towards OPEC+ members.
