Saudi Prince Says US Megadeals Show Oil Here to Stay: FII Update

  • Energy Minister says Saudi Oil Market Strategy Working
  • Andurand Says Oil Must Hit $110 Before Saudis Ease Curbs
Attendees at the FII conference in Riyadh on Oct. 24.Photographer: Fayez Nureldine/AFP/Getty Images
Lock
This article is for subscribers only.

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Oil is here to stay as US majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in Riyadh.