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Commodities Briefing - Categorized | Market Moves, Oil more

Saudi Arabia will struggle to kick its addiction to oil: Kemp

Posted on 28 April 2016

“King Abdulaziz and the men who worked with him for the establishment of the state did not depend on oil and they established the kingdom without oil, and they ran this state without oil, and they lived in this state without oil,” Saudi Deputy Crown Prince Mohammed bin Salman said in an televised interview on Monday.
The deputy crown prince criticised the kingdom’s subsequent “addiction” to oil which has “disrupted the development of many sectors in the past years” implying this was a relatively recent problem………………………………………..Full Article: Source


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