Saudi Oil Policy: What Changes With New Minister?

The video discusses the Saudi oil policy, emphasizing its focus on market share since 2014. It highlights the role of Iran in production freezes and the transition to a new oil minister, Khalid Al Falih, who is expected to maintain policy continuity. The video concludes that despite leadership changes, the oil market is unlikely to become more volatile.

What has been the primary focus of Saudi oil policy since 2014?

• Protecting market share

• Reducing production

• Expanding oil reserves

• Increasing oil prices

Who was part of the team that insisted on Iran joining any production freeze?

• Khalid Al Falih

• Alfalah

• Al Ali al Naimi

• Deputy Crown Prince

What is the new direction for the Saudi economy as discussed in the video?

• Developing new oil fields

• Increasing oil production

• Shifting to investment-based returns

• Focusing on tourism

What challenge does Khalid Al Falih face as the new oil minister?

• Increasing oil prices

• Gaining credibility in oil markets

• Expanding oil exports

• Reducing oil dependency

Does the appointment of a new oil minister imply increased market volatility?

• No, the policy remains unchanged

• No, because of increased production

• Yes, it will cause instability

• Yes, due to new policies