Reuters — Saudi minister warns sanctions, underinvestment may cause energy shortages

Summary:
In response to a question on how the sanctions environment would affect the energy market, bin Salman told an industry conference in Riyadh: "All of those so-called sanctions, embargoes, lack of investments, they will convolute into one thing and one thing only, a lack of energy supplies of all kinds when they are most needed".ReutersSaudi minister warns sanctions, underinvestment may cause energy shortagesRelatedEurope was forced to abandon [cheap] long-term contracts and make the transition to [expensive] spot-based pricing/TASS (Russian state media)EU completely loses access to cheap and reliable energy resources of Russia — Rosneft CEO

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