Saudi Arabia needs to forget oil and go solar, says man behind Kingdom’s crude clout


Saudi Arabia needs to forget oil and go solar, says man behind Kingdom’s crude clout

For more than two decades, the oil market hung to Ali al-Naimi’s every word — whether he was taking a characteristic stroll at dawn on Vienna’s Ringstrasse, hurrying through a hotel lobby after a conference, or dodging throngs of reporters at an OPEC meeting.

Now that he’s done with his near 21-year stint as Saudi Arabia’s oil minister, during which his utterances could move everything from crude to currencies and stocks worldwide, al-Naimi says he doesn’t want to talk about the market anymore.

“As far as oil prices and oil, I have left that behind,” he said on Friday at an event in Singapore to launch his book ‘Out of the Desert: My Journey From Nomadic Bedouin to the Heart of Global Oil’. Read More…

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