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& , , Saudi Arabia said it was "not impossible" for crude oil prices to rise to $1 a barrel by the end of this year, but warned that deep production cuts could shock the market.
, , It is reported that Saudi Energy Minister Falih said in the opening keynote speech at the World Energy Conference in Istanbul that no matter how oil prices fluctuate, Saudi Arabia is in good condition and can implement the "vision" economic reform to get rid of dependence on oil. plan.
, , In recent months, under the pressure of slowing global economic growth, oversupply of crude oil and concerns about reduced demand, crude oil prices in the New York market stood above the US dollar per barrel level for the first time since January last week.
, , Saudi Arabia agreed last month to the Organization of the Petroleum Exporting Countries (C) to cut crude oil production for the first time in eight years.
, , Falih said: &We see the trend of supply and demand balancing, so it is not impossible to reach (per barrel) dollars before the end of this year. &r
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