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Commodities Briefing - Categorized | Oil, Price Watch more

Saudi keen $110 a barrel oil prices

Posted on 14 January 2013

There has been no official announcement but Saudi Arabia’s effective target for oil prices appears to have risen from $100 to $110 per barrel, based on recent changes in the kingdom’s production levels.
In theory, the kingdom remains committed to an informal target of $100 for Brent first announced in a CNN interview given by Oil Minister Ali Al Naimi in January 2012. “Our wish and hope is that we can stabilise this oil price and keep it at a level around $100,” Naimi said………………………………………..Full Article: Source


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