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Yamani: Oil could reach $300/bbl over unrest in Saudi Arabia

04/18/2011
Eric WatkinsOil Diplomacy EditorFears of rocketing oil prices were stoked when former Saudi oil minister Sheikh Yamani told a conference Apr. 5 that serious unrest in his homeland could push oil prices as high as $300/bbl."If something happens in Saudi Arabia it will go to $200 to $300[/bbl]. I don't expect this for the time being, but who would have expected Tunisia?" said Yamani at a conference at the London-based Center for Global Energy Studies (CGES)."The political events that took place are there, and we don't expect them to finish. I think there are some surprises on the horizon," said Yamani, adding that underlying discontent remained unresolved in the Middle E...
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