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Saudi Arabia: $60 oil is coming soon
Crude oil could rise to $60 a barrel by the end of the year, even without any help from OPEC. That's what powerful new Saudi energy minister Khalid Al Falih told CNNMoney's John Defterios in an exclusive interview on Thursday. Al Falih was speaking just after OPEC wrapped up a summit in Vienna. During the meeting OPEC decided against implementing a cartel-wide production quota range, once again failing to reach an agreement to cap oil production. "The right thing to do is continue to monitor the market and let the market do its thing. It's working in our favor now," Al Falih said, alluding to declines in non-OPEC ... (full story)
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- Comment #1
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- Jun 2, 2016 7:45pm Jun 2, 2016 7:45pm
- KiwiOz
- | Commercial Member | Joined Sep 2013 | 12 Comments
- Comment #2
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- Jun 2, 2016 9:23pm Jun 2, 2016 9:23pm
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments
ITS ABOUT THE CASH NOTHING ELSE.
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- Jun 3, 2016 5:50pm Jun 3, 2016 5:50pm
- TommoT
- | Joined May 2016 | Status: Junior Member | 1 Comment