ENERGY

Saudi Crown Prince tells Trump: Our intentions are to see stable oil markets

Saudi Crown Prince Mohammed bin Salman made the statement on Tuesday during a working lunch meeting with US President Donald Trump. (Supplied)

Regardless of high or low energy prices, Saudi Arabia’s crown prince said his country intends to see stable oil markets across the world.

Saudi Crown Prince Mohammed bin Salman made the statement on Tuesday during a working lunch meeting with US President Donald Trump and his administration in the White House.

“Our (oil) supplies can last for up to 84 more years but if those suppliers disappear it means we have to produce more and to do that we have to start investing from today. To start investing from today, we have to have a good price to supply the market,” the Crown Prince told Trump.

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Last Update: Wednesday, 21 March 2018 KSA 23:18 - GMT 20:18
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