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Oil price of $50-$60 is sufficient – Saudi Aramco board member

Tuesday, October 18, 2016 9:02
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An oil price of $50-$60 a barrel should be “sufficient” to develop enough oil production to keep the market well supplied in the coming years, former BG Chairman and current Saudi Aramco board member Andrew Gould said on Tuesday.

Speaking at the Oil and Money Conference in London, Mr Gould indicated he thought prices did not need to go much higher than current levels, despite some industry observers warning that the oil market is storing up a future supply crunch, Neil Hume and Anjli Raval report ….


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