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Oil Could Hit $200-$300 On Saudi Unrest - Politics - Nairaland

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Oil Could Hit $200-$300 On Saudi Unrest by Chubhie: 7:52pm On Apr 05, 2011
Reuters
April 5, 2011

Oil prices could rocket to $200- $300 a barrel if the world’s top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday.

Yamani said he saw no immediate sign of further trouble following protests last month calling for political reforms but said that underlying discontent remained unresolved.

“If something happens in Saudi Arabia it will go to $200 to $300. I don’t expect this for the time being, but who would have expected Tunisia?” Yamani told Reuters on the sidelines of a conference of the Centre for Global Energy Studies (CGES) which he chairs.
Re: Oil Could Hit $200-$300 On Saudi Unrest by Nobody: 7:55pm On Apr 05, 2011
its an opportunity to make some money if you trade oil,most japanis pairs have been rising since the tseunami,it just means that crises comes with opportunity

what do u think
Re: Oil Could Hit $200-$300 On Saudi Unrest by Chubhie: 8:10pm On Apr 05, 2011
More money for the Nigerian Government,But how will this affect the lives of ordinary nigerians? do we need a Gaddafi in this regards?
Re: Oil Could Hit $200-$300 On Saudi Unrest by Ikengawo: 8:19pm On Apr 05, 2011
problem: we're anticipating a saudi crisis when a crisis is very likely to explode in our own boarders due to the unrest.


im wondering if there's a saudiland.com with a thread anticipating oil prices based on Nigerian Unrest.


this elections are looking to be trouble.
Re: Oil Could Hit $200-$300 On Saudi Unrest by Nobody: 8:20pm On Apr 05, 2011
loner, thats not necessery for now as elections are near

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