DAVOS, Switzerland, Jan. 29 (UPI) -- OPEC Secretary General Abdalla Salem El-Badri told world leaders in Switzerland that oil priced at $50 a barrel would not fund new oil field development.
"I hope the price will pick up … a $50 price will not permit us to invest," he said at the World Economic Forum in Davos, Switzerland, Thursday, The Times of London reported.
Advertisement