What the Saudi leadership shake-up means for oil prices

Published 12:30 21st Jun 2017.

Amrita Sen appears on CNBC to discuss crude and the new Saudi Crown Prince

"Although bin Salman has a reputation for interacting in an impulsive and often abrasive manner, particularly with regard to international relations, Amrita Sen, chief oil analyst at Energy Aspects, does not anticipate the newly appointed heir to the Saudi throne rushing to reconfigure the country's current strategy for oil.

 "Even if foreign policy were to remain aggressive, we don't see any change in oil policy yet. If anything, with the initial public offering (IPO) the center stage, the Kingdom needs higher prices," she told CNBC via email on Wednesday, referring to the public listing of Aramco, Saudi's national oil and gas company, planned for 2018."

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