Oman’s Oil Minister Muhammad al-Rumhy used the podium at Adipec on 9 November to slam the Saudi-led Opec policy of prioritizing market share over price.

This has left oil markets in “crisis. A man made crisis.” Saudi Arabia has increased output by 550,000 b/d over the past year, in the process since March notching up a record eight straight months of 10mn b/d-plus output. (CONTINUED - 371 WORDS)