You are here: Home » International » News » Economy
Business Standard

Energy in focus after Saudi Prince's elevation

Prince Mohammed has sought to consolidate control over the energy sector domestically

Stanley Reed | NYT 

As the new heir apparent to the throne of Saudi Arabia, Prince Mohammed bin Salman will play an even more influential role in world oil markets at a time when big crude-producing nations are struggling to prop up prices.   Prince Mohammed, who was named crown prince on Wednesday, has upended the traditional Saudi energy model in the nearly two and a half years since his father ascended the throne. Whereas the royal family had previously been content to leave the running of the oil industry to seasoned technocrats, the prince has sought to exert influence over the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, June 23 2017. 00:14 IST
RECOMMENDED FOR YOU