The MarketWatch 50 – Abdulaziz bin Salman Al Saud

Industrial administration, King Fahd University of Petroleum and Minerals; Master of business administration, King Fahd University of Petroleum and Minerals

Prince Abdulaziz bin Salman, Saudi Arabia’s powerful energy minister, isn’t afraid to stir things up. Openly taunting speculators, he initiated a voluntary oil-production cut of 1 million barrels a day in the summer of 2023 that was seen as a primary driver of the rebound in the price of crude oil and U.S. gasoline. Brent crude prices reached $90 a barrel in the fall of 2023.

Saudi Arabia’s participation in climate talks itself can seem incongruous — a kingdom that has become wealthy and powerful… I’m not doing this to ‘get the price of oil up’— ‘what I’m trying to do is keep it from crashing into the single digits,’ says Texas oil regulatorAvoiding the 30-year mortgage loan trap can save you hundreds of thousands of dollarsThere are about $1 trillion of commercial real-estate loans coming due through the end of 2024, and closer to $2.5 trillion by the end of 2027.

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