The Wall Street Journal: Saudi Arabia says Trump has energy policies that ‘are good for the oil industry’

Saudi Arabia’s oil minister on Wednesday praised President Donald Trump’s energy policies and said he welcomed an increase in American oil production “as long as they grow in line with global energy demand.”

“President Trump has policies which are good for the oil industry, and I think we have to acknowledge it,” said Saudi Arabia’s top oil official Khalid al-Falih in an interview with the BBC aired on Wednesday. He said Saudi Arabia could increase its U.S. oil-industry investments “on the back of pro-industry, pro-oil-and-gas policies.”

Falih said he wasn’t concerned about Trump’s campaign rhetoric about cutting off imports of Saudi Arabian oil or taxing foreign oil.

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