EnergyWatch

Saudi oil minister is said to have met top commodity hedge funds

In an attempt to gain insight into how investors view the oil market, Saudi Arabia's oil minister met privately with some of the world's leading hedge funds this July.

Photo: Ronald Zak/AP/Polfoto

Khalid Al-Falih, Saudi Arabia's energy minister, met in private with some of the world's top commodity hedge funds in July, taking the unusual step of personally canvassing investor views on the state of the market.

In the past, Saudi Arabian officials have disparaged hedge funds as unhelpful speculators that undermined OPEC's quest for market stability. Last month's meetings, described by people familiar with the encounters, signal the world's largest exporter has reassessed the role of financial investors in the global oil market.

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