Iran Oil Minister Calls Freeze Proposal 'Ridiculous'

The transcript discusses the skepticism around Russia and Saudi Arabia's potential oil production cap, especially with Iran's re-entry into the market. The Saudi oil minister emphasized market self-regulation, indicating no production cuts and suggesting high-cost producers adapt or exit. Surprisingly, he spoke favorably about renewable energy, acknowledging its role in the future energy mix but not as a primary source over oil.

How did the Saudi oil minister view renewable energy sources?

What is the speaker's perspective on the future role of renewable energy compared to oil?