Business · Energy & Commodities · 8 hrs ago
Saudi Arabia says planning helped avert a larger energy crisis
Saudi Energy Minister Prince Abdulaziz bin Salman said Saudi Arabia had prepared for several possible crises.
He spoke at the World Petroleum Congress in Riyadh.
He said challenges over the past eight months were greater than many had expected, even under severe scenarios.
The kingdom’s advance planning helped it respond to recent events and avoid a larger energy crisis, he said.
He added that threats to energy security remain and that countries need flexible options ready before a crisis hits.
He said preparation should not be based only on economic indicators or financial returns.
The minister did not give details of the recent challenges, but said efforts had helped overcome many of them.
Saudi Energy Minister Prince Abdulaziz bin Salman said advance planning helped the kingdom avoid a larger energy crisis.
He said Saudi Arabia had prepared multiple scenarios for potential crises and developed options to respond with flexibility.
Speaking at a session during the World Petroleum Congress in Riyadh, he said challenges over the previous eight months had exceeded many expectations.
He said threats to energy security remained and that preparation should focus on anticipating challenges, not only responding after they happen.
He also said recent developments had been difficult for various parties to contain, but efforts had overcome many of the challenges.
- Who
- Prince Abdulaziz bin Salman, Saudi Arabia’s energy minister.
- What
- He said advance planning helped Saudi Arabia avoid a larger energy crisis.
- When
- He spoke at a session during the World Petroleum Congress; the article was published on October 12, 2026.
- Where
- Riyadh, Saudi Arabia.
- Why
- He said preparing multiple scenarios and keeping response options available helped the kingdom manage recent developments.
This story does not have two clearly opposing sides.
Even so, we did not witness an energy crisis of this scale, as much as we were able to avoid that.
I do not want to boast about the size of our exports, but I am sure many of our friends here will be surprised by what we are doing today.
The challenges, according to bin Salman, exceeded what many people had expected.
Asharq Al-Awsat published bin Salman’s remarks at a World Petroleum Congress session in Riyadh.
- Speaker
- Prince Abdulaziz bin Salman
- Event
- World Petroleum Congress
- Location
- Riyadh
- Challenges discussed
- The previous eight months
- Publication date
- October 12, 2026
Sources
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