| Intervention of Saudi royal may pressure Opec to cut production at its forethcoming meeting to arrest the slide in prices. Saudi Arabia's most high-profile billionaire and foreign investor, Prince Alwaleed bin Talal, has launched an extraordinary attack on the country's oil minister for allowing prices to fall.
In a letter in Arabic addressed to ministers and posted on his website, Prince Alwaleed described the idea of the kingdom tolerating lower prices below $100 per barrel as potentially "catastrophic" for the economy of the desert kingdom...............................................Full Article: Source
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