text: SUDDEN VOLATILITY IN oil prices was always going to make this a landmark year for the man presiding over the world’s largest oil reserves. Now leading a free market policy and insisting that the kingdom will not cut production, even at the expense of other OPEC members, Saudi’s petroleum and mineral resources minister Al Naimi is arguably wielding greater power and influence than ever before. “We want to tell the world that high efficiency producing countries are the ones that deserve market share. If the price falls, it falls… Others will be harmed greatly before we feel any pain,” he was quoted as saying in December.
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