5 key issues OPEC must wrestle with at its June meeting
MSN Money - 05/25/2016
The OPEC meeting will also be the first with Khalid al-Falih as Saudi Arabia’s oil minister.
Al-Falih, chairman of Saudi Arabia Oil Company, replaced longtime Saudi Oil Minister Ali al-Naimi earlier this month.
“The appointment of a new energy minister is significant because it signals that Saudi Arabia, under Prince [Mohammed bin] Salman, intends to double down on its market-share strategy and commitment to low oil prices,” said Ravi Ramamurti, a distinguished professor at the D’Amore-McKim School of Business at Northeastern University.