Saudi Arabia is Back

Saudi Arabia is back to its swing producer role. That was the most important outcome of the agreement among OPEC and non-OPEC producers that took place last December in Vienna. While some analysts might view the change in Saudi policy as a reversal, especially after the change at the helm of the Saudi oil industry from the former oil minister Ali Al Naimi to the current energy minister Khalid Al Faleh, others believe it is an evolvement.