Saudi Arabia's OPEC governor: hard to reach $100-120 oil again | Reuters

Saudi Arabia's OPEC governor: hard to reach $100-120 oil again | Reuters:



"Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.



"$100-120 - I think it's difficult to reach 120 another time...We understand that all countries need higher incomes...We want higher incomes, but we want higher incomes for us and future generations," Madi told an energy conference in Riyadh. Brent crude is currently around $55 per barrel.



He also repeated that Saudi Arabia had no political motives in its oil policy."



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