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The comment apparently came after OPEC+ countries decided to increase their output
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That OPEC+ decision was taken after two weeks of deliberations
Saudi Arabia’s Energy Minister Abdulaziz bin Salman has been quoted by reports as saying that his country would pump out “every last molecule” of oil it has.
The comment apparently came after OPEC+ countries decided to increase their output, even as nations and corporations across the world looked to cut reach net-zero carbon emissions by 2050.
That OPEC+ decision, taken after two weeks of deliberations, has reportedly led experts to believe that Saudi Arabia thinks it will benefit from the shrinking global investments in oil and gas.
To that end, the Saudi minister is believed to think his country will pump out all the oil it is sitting on.
The local reports quoted him as saying at a private event: “We are still going to be the last man standing, and every molecule of hydrocarbon will come out.”
This echoes what Saudi Aramco President and CEO Amin Nasser said in January 2019, that Saudi Arabia would pump the last barrel of oil it had.
He was quoted by reports back then as saying: “There will continue to be growth in oil demand… We are the lowest-cost producer and the last barrel will come from the region.”
