CNN speaks to Saudi Arabia's new oil minister

Now Saudi Arabia's. King Salman has replaced the kingdom's. Energy Minister, with one of his sons, Joan of Terence, turns me now from Abu Dhabi, where he spoke to him at the world. Energy Congress, Prince Abdullah zis bin Salman, is the first member of that of the Saudi royal family to serve as energy minister and his appointment breaks with long-standing tradition.

So John half-brother of the Crown Prince. What did he have to say about OPEC? There, OPEC Alliance on the first day on the job. Well, it was a key point that he wanted to raise. During the very brief interview we had on the floor of the Congress, but very dippers tell that holiday lolly.

He is a predecessor he doesn't like to take the laser approach, but the tone has changed by reading from this clip, and you have to listen to it carefully. Is that Saudi Arabia's, not willing to carry the burden alone? On the OPEC non-opec Alliance that has doubled up on the cuts, its promised in the past as Russia's, production has surged, and so has the US production take a listen.

This is my first day. I think I would like to gain the benefit of the presence of so many of my colleagues today and the next couple of days. I will be able to have a much better, more focused a few, even also there are so many representative, the industry here.

One could also benefit from the president to talk to them about the Barclays. Can I do something that you're gonna be a? Is there gonna be a sharp departure from current policy that's? What everybody wants to know after such a radical move with Minister alfalla, who you know very very well, there is nothing radical in Saudi Arabia.

We all civil servants, we work for the government and we prefer our duties and one person come and one person go and at the end of the day we serve our cause and our purpose. The clear and present concern is whether you change the OPEC non-opec alliance and see deeper cuts needed because of a global slowdown.

As I said, I'm here. I'm, not good listener, as you know me, so I'd like to lose and make you know, use the benefit or benefit from the presence of my colleagues, talk to them and then formulate my opinion.

Based on what I hear from a group, so no abrupt change is what you're, suggesting there. We have always worked or cohesive, coherent collective authority within OPEC, and no, no, because you know John, we've spent a lot of time.

Our it myself or many of the ministers that preceded me in making sure that the reducers get together, work together and prosper together. Okay, thanks so much, but the OPEC align the OPEC alliance does survive, though, with non-opec you're, not abandoning those with the wind of everybody.

Yes, it will survive the will of everybody. Prince Abdullah Z's, bin Salman and his person. At you today, in Abu Dhabi and his first day on the job, but it comes to Saudi Aramco. Ipo didn't reveal much though yessuh they are leaking out.

Perhaps the potential bankers going forward and the first listening may happen in Riyadh to kind of boost a man before going to a larger market to absorb those shares. Yw PAUL THANKS, VERYH. GOOD TO SEE YOU.

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