Saudi Arabia takes bullish oil message straight to Wall Street

saudi-arabia wall-street oil message bullish
Saudi Arabia

Saudi Arabia takes bullish oil message straight to Wall Street

For the past year, Saudi Energy Minister Prince Abdulaziz bin Salman has fought a war of words with oil speculators. Now, he's taking his message to the heart of Wall Street. Prince Abdulaziz is scheduled to speak June 16 at the Robin Hood Investors Conference, a red-carpet event that brings together luminaries of the US hedge-fund industry such as Paul Tudor Jones, Ray Dalio and Stanley Druckenmiller, and rising stars like Cathie Wood. The International Energy Agency stirred some passionate debate last month when it urged an end to new oil and gas investments to avert disastrous climate change The Saudi oil minister has battled to keep short-sellers at bay for more than a year, famously warning speculators in September not to bet against him, and more recently lambasting the view that the world should stop investing in oil to protect the climate. “I want the guys in the trading floors to be as jumpy as possible,” he said after an OPEC+ meeting on September 17. “I'm going to make sure whoever gambles on this market will be ouching like hell.” While previous Saudi ministers have spoken in private with commodity hedge funds, the Robin Hood conference - which is…