The Man Behind The Oil Price Rally

4 Dec 2017   Saudi Arabia

The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is the relentless strategy from the young Saudi Prince, Mohammed bin Salman, being played out both inside OPEC and in his own country. And oil is the key to it all. Last Sunday premiered the newly formed Islamic anti-terrorism coalition , putting together leaders from Sunni Arab nations to denounce and combat fundamentalist terrorism throughout the Middle East and the world. It was another bold initiative towards the West of the young and energetic Crown Prince of Saudi Arabia, coming on the heels of other bold moves that have looked to consolidate political and religious power in the Kingdom. Together, all of these initiatives couldn’t be more transparent. They represent a movement of the most economically powerful nation in OPEC […]

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