Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame oil markets. Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame oil markets, implying that the world’s biggest crude exporter has no plan to accelerate its gradual production increases. “As far as we are aware there is no shortfall of oil,” Prince Faisal bin Farhan said, speaking on a panel at the World Economic Forum in Davos, Switzerland. “We have to be sure that while we transition to a renewable future, there is enough energy in the market. The kingdom has done what it can.” Prince Faisal was responding to a question about what the US, which has put pressure on the Saudis and other members of OPEC+ to pump faster, could offer Riyadh in return for more crude. His comments echoed those of Saudi Energy Minister Abdulaziz bin Salman, […]