Saudi Crown Prince Salman bin Abdulaziz arrived in the Australian city of Brisbane for the G20 summit on Thursday. His arrival was preceded by a wave of questions and analyses about the course of future oil prices. Is it a war against Iran and Russia? Or is it a war against U.S. oil production? Or is it merely a new chapter in the historical oil cycle?
The G20 summit in Brisbane will not only discuss energy-related issues but more urgent political meetings will also be held on the sidelines, including expected discussions on war and peace in Syria, Iraq and Iran, talks on armed extremism and the situation in Ukraine as well the environment and Ebola epidemic.
Saudi Arabia holds key to oil stability
Saudi Arabia is not a fan of mixing politics with the issue of oil as it is aware that such a game would be dangerous and could threaten the livelihoods of its citizens.Abdulrahman al-Rashed
The government in Riyadh must foresee the near future because it carries difficult economic challenges and it must have a plan for confronting them on the domestic level.Abdulrahman al-Rashed