Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman met with Minister of Foreign Affairs of Kuwait Sheikh Jarrah Jaber Al-Ahmad Al-Sabah in Riyadh.
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QatarEnergy is buying American LNG to use its trading expertise and customer network, diversify supply and hedge future revenue losses from Hormuz disruption.
Yemeni Houthis have carried out further attacks on Saudi Arabia, pushing oil prices higher on Friday. The Iran-aligned militia said it had hit several Saudi Aramco facilities.
Gulf oil producers will retain their importance in global energy markets despite the Iran war, industry experts say, with one business leader calling for stronger supply guarantees in order to maintain customers’ confidence.
