OPEC and its partners have been limiting supply since 2017
The prince's labors this week are just the latest example of a career devoted to petroleum diplomacy
If Opec does not reduce production, prices could tumble to $40 a barrel, said Greg Sharenow, portfolio manager at PIMCO
India and China are considering teaming up to buy US supplies and counter OPEC's dominance in world's biggest oil market
On the rising oil prices in the country, the minister assured that the government would leave no stone unturned to keep these products within the reach of the common man
For the past 16 months, the Organization of Petroleum Exporting Countries, Russia and other allies have been constraining output to eliminate a global glut.
Traders said they were avoiding taking on large new positions due to uncertainty in markets.