CEO of Aramco: I expect an improvement in oil prices by the end of 2016 1/26/2016
CEO of Aramco: I expect an improvement in oil prices by the end of 2016
1/26/2016 0 Comments
CEO of Saudi Aramco Amin Nasser, said on Tuesday that "the oil giant expects recovery in oil prices at the end of this year."
Nasser said in a speech to an economic conference in Riyadh, said that "the current low prices can not be sustained if there are signs of rising demand will begin including in bridging the gap between supply and demand."
He added "It is certain that he will be better than what we see now," He did not specify the level at which prices expected to arrive by the end of the year, but said "it will not return to the level of $ 100 in the foreseeable future," .