Saudi's New Oil Boss Vows to Maintain Policy

Updated on
  • Al-Falih seen sticking to policy to defend oil-market share
  • Kingdom may exceed record output level to meet summer demand

Saudi Oil Minister Replaced: What It Means for Markets

Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale.

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