Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of reporters, including Energy Intelligence’s Amena Bakr . “I made it clear that it was not on our radar or our intention to create any type of damage to their industry. My belief is that once this market stabilizes, and given the nature of shale oil and the shale industry, that they will be able to recover as the market recovers, as the world economy recovers. So I have no single doubt in the mind that in the future, they will rise again from the ashes and thrive and prosper,” the Saudi minister told reporters in the phone interview published by Energy Intelligence on Tuesday. Saudi Arabia is looking forward to a time when U.S. producers thrive once again in a market with […]