Oil Prices Won’t Return to $100: Saudi Prince Alwaleed
Prince Alwaleed: We'll Never See Oil at $100-Plus Again
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Oil won’t return to $100 a barrel and global oil supply will be affected by the price slump, billionaire Saudi Prince Alwaleed Bin Talal Al Saud said.
Crude at $100 was an “aberration,” Alwaleed said in an interview with Bloomberg TV Friday. Saudi Arabia, the biggest OPEC producer, won’t reduce production to boost prices because other countries will “fill that gap,” he said.