Saudis’ New Oil Boss Chases Record Output To Stymie Shale

Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale.
Al-Falih, also chairman of the state producer Saudi Arabian Oil Co., said on his first day in

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