Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Tuesday that Riyadh is prepared to export more oil if the global energy crisis worsens. He described the controversial decision by OPEC+ to cut oil output earlier this month as "mature", arguing the move was made in case an unforeseen event - such as sanctions on Russia's oil output - caused a sudden drop in supply, The Financial Times reported on Tuesday "You need to make sure you build a situation where if things [get] worse you have the ability to [respond]," Prince Abdulaziz told the Future Investment Initiative investor conference in Riyadh. The event has been dubbed the 'Davos of the Desert'.
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