Jun 16, 2021
Oil Supercycle Could Hinge on Drilling Lag, Saudi Minister Says
Bloomberg News
,(Bloomberg) -- A new supercycle in global oil prices could be triggered by a lack of new investments in exploration, Saudi Arabia’s energy minister warned.
Prince Abdulaziz bin Salman told the Robin Hood Investor Conference on Wednesday that his job is to prevent such a supercycle, according to people familiar with his comments.
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