ABU DHABI — Saudi Arabia’s recently appointed Energy Minister Prince Abdulaziz bin Salman is unfazed by President Donald Trump’s tweets about OPEC and the oil market, he indicated Thursday during a meeting of the Joint Ministerial Monitoring Committee (JMMC) in Abu Dhabi.
When asked how OPEC planned to navigate President Donald Trump’s social media missives on the oil market, Abdulaziz replied: “The president is the president. He is entitled to tweet anything he wants.”
The American president has taken to Twitter scores of times to express his disdain for the 14-member organization’s output cutting plans that have aimed to boost prices amid a high supply and low demand environment. In mid-June, after OPEC and its non-OPEC allies agreed to extend their output cuts into 2020, Trump tweeted: “Oil prices are too high, OPEC is at it again. Not good!”
Lower oil prices translate to more affordable gas prices for…