Media ID: 55342232
Caption:
In this May 9, 2008 file picture, an oil rig is seen silhouetted against the sunset in St. Lawrence, Texas, United States. (Reuters/Jessica Rinaldi)
by Wael Mahdi | Mar 11, 2015 | Business
Manama and London, Asharq Al-Awsat—Up to 1 trillion US dollars in slated investments and projects in the global oil industry could be canceled or postponed during the next two years due to the current drop in oil prices, a senior executive from Saudi Arabia’s...
Media ID: 55340865
Caption:
OPEC Secretary General Abdallah El-Badri attends a session of the World Economic Forum (WEF) annual meeting on January 21, 2014, in Davos, Switzerland. (AFP Photo/Fabrice Coffrini)
by Wael Mahdi | Jan 27, 2015 | Business
Al-Khobar, Asharq Al-Awsat—Oil prices could rebound to 200 US dollars per barrel if investments in the oil sector dry up in light of current low prices, according to OPEC’s secretary general, Abdallah El-Badri. Speaking to Bloomberg in London on Monday, Badri warned...
