Liam Denning, Columnist

Exxon and Saudi Arabia Disagree to Agree

Neither one of them really wants another spike in oil prices.

October 19, 2016 at 2:59 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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Big dogs don't come much bigger than this.

Saudi Arabia’s Minister of Energy and Industry Khalid Al-Falih warned at a conference in London on Wednesday that investment cutbacks in the oil industry today could mean supply shortfalls in future. Speaking immediately after, Exxon Mobil CEO Rex Tillerson said exactly the opposite: