Saudi Arabian Energy Minister Suhail al-Mazruei called the United States an important oil power, regardless of who is in power and what policy is pursuing. The official’s words are reported by CNBC.
“The United States of America is now a major player, with their production and given the fact that this industry, which was developed from shale oil and gas, has created many jobs and created an economy in itself,” said al -Mazrway.
Things will not change after the inauguration of new President Joe Biden, who is expected to pay a lot of attention to environmental issues and the use of renewable energy sources instead of oil, he said.
Also, according to the Saudi minister, it does not matter whether the new head of the White House will speak out on Twitter on important issues, including those related to the global oil market, as the outgoing President Donald Trump often did.
During his presidency, Trump has repeatedly used Twitter and other social networks to influence the situation. In particular, being interested in low gasoline prices ahead of the midterm congressional elections, he asked the Crown Prince of Saudi Arabia, Mohammed bin Salman, to increase production, thereby increasing supply.
Last year, after the March breakdown of the OPEC + deal on production cuts, Trump negotiated with Russia and Saudi Arabia, the most influential parties to the agreement, to renew it in order to stabilize the situation on world markets.