OPEC Secretary-General Abdalla Salem el-Badri: oil prices will rebound due to lower oil investments

Market news

7 October 2015

OPEC Secretary-General Abdalla Salem el-Badri: oil prices will rebound due to lower oil investments

OPEC Secretary-General Abdalla Salem el-Badri said on Tuesday that oil prices will rebound due to lower oil investments. He expects global oil investments to drop by 22.4% this year.

el-Badri noted that this could mean less supply.

"Less supply means high prices," he said.

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