Comments from Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman suggest that the Kingdom’s medium-term oil policy will include raising output to capture market share and not leave large quantities of oil assets stranded before the market peaks. Meanwhile, strong rumours suggest that the state-owned oil company, Aramco, will line up a further stock sale, which could allow looser fiscal policy. Elsewhere, Tunisia’s President Saied dissolved the country’s Judiciary Council this week, which could scupper hopes of a fresh IMF deal and keep the country on the path towards a sovereign default.
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