Baku, Azerbaijan, Oct. 18
By Leman Zeynalova – Trend:
No oil price spike or price explosion is expected early next decade, as producers, including Saudi Arabia continue with strong capital expenditures, Fahad M. Alturki, chief economist and head of research at the Riyadh-based company Jadwa Investment, said.
He made the remarks during the Oil & Money Conference in London Oct. 18, according to a message posted on the event’s Twitter page.
Saudi Arabia’s latest policy is to maintain priority or market share if its economy can tolerate tough low price environment, he added.
Oil & Money addresses current and emerging issues confronting the global oil and gas industry. This year its theme, “Boom, Bust and Beyond: Strategies for Survival”, will focus on the challenge of managing the oil price downturn and meeting the new financial, environmental and geopolitical realities facing the global oil and gas business.
Since its inauguration in 1980, the Oil & Money Conference annually gathers the most significant senior executives from the petroleum and natural gas industry across the globe and continues to set the standard for candid, high-level discussion and debate on issues of the day.
Each year Oil & Money continually attracts over 500 senior level executives from more than 43 countries.