April 2016

Trends and Resources

Industry Perspectives: Saudis seek industry unity in support of fossil fuels

When Ali bin Ibrahim Al-Naimi agreed to speak at IHS CERAWeek in February, the expectation was for the Saudi oil minister to defend his country’s energy policies, possibly creating a regional divide at the annual Houston conference.

When Ali bin Ibrahim Al-Naimi agreed to speak at IHS CERAWeek in February, the expectation was for the Saudi oil minister to defend his country’s energy policies, possibly creating a regional divide at the annual Houston conference. But aside from a few remarks on Saudi strategies, his main emphasis was a much broader belief—namely, that all sectors and regions of the industry must come together to better explain the benefits of fossil fuels. “Whether you are from Saudi Arabia, the US or anywhere else that produces energy derived from fossil fuels, this poses a much greater existential challenge than cyclical price movements,” Al-Naimi said. Paris negotiations The minister delivered his

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