Evaporative Ponds 2

Evaporative Ponds

The 30-year-old Saudi who could scuttle oil deal

Saudi Arabia’s 30-year-old deputy crown prince may have already tanked any hope of an oil deal.

Oil-producing countries from inside and outside of OPEC hope to strike a deal this weekend to freeze production in order to stabilize the price of crude. Since Saudi Arabia, Russia and others first agreed to a meeting in February, oil prices have been supported at somewhat higher levels.

Other than Russian President Vladimir Putin, there’s no single individual seen as having more sway over the world oil market, and Deputy Crown Prince Mohammad bin Salman is critical to the success or failure of this weekend’s meeting in Doha, Qatar.

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