New Saudi Oil Minister Hand Pickedby Prince Mohammed who is the appointed Crown Prince of Saudi Arabia. It was Prince Mohammed who killed the Doha meeting when he would not go forward without Iran agreeing to a production freeze. I would expect more of the same from the Sauds going forward. No agreement on production freezes in June and certainly no cuts. Lower for longer, as they say. But really it doesn't matter as the market is correcting everyday. What's the catch phrase? The cure for low oil is low oil.