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Saudi oil minister to face rival US producers as price rout bites

Naimi will give keynote speech on Tuesday at annual IHS CERAWeek conference in Houston
Monday, February 22, 2016 - 05:50

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This week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: US shale oil producers struggling to survive the worst price crash in years.

Houston

THIS week, Saudi Oil Minister Ali Al-Naimi will for the first time face the victims of his decision to keep oil pumps flowing despite a global glut: US shale oil producers struggling to survive the worst price crash in years.

While soaring US shale output brought on by the

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