16.05.2016 - Where Oil Prices Go From Here
Leaders of major oil-exporting countries used to talk about “saving the oil” for their grandchildren. But now the grandchildren are in charge, and they want to monetize the oil. That is certainly so in Saudi Arabia, where Deputy Crown Prince Mohammed bin Salman—a grandson of the country’s founder, Abdul Aziz ibn Saud—has launched an ambitious plan to reduce the country’s dependence on oil. Decrees issued this month announced far-reaching changes in Saudi ministers and government organization...............................................Full Article: Source
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