| Oil prices won't rebound to $100 a barrel because increased prices would draw more shale and other output from higher-cost producers to the market, according to Saudi Arabia's governor to OPEC.
"I think it will be difficult to reach $100 or $120 another time," Mohammed al-Madi said at a conference in Riyadh yesterday. "This will let the high-cost producers come back again." Saudi Arabia, the nation leading OPEC in defending its share of the global oil market, will keep investing to maintain its current output capacity, he said...............................................Full Article: Source
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