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Kuwait Petroleum CEO: "Global oil market ... we have reached the bottom"

Kuwait Petroleum International (KPI) CEO, Bakheet al-Rashidi, comments to media over the weekend, speaking at a KPI event in London

  • "The global oil market is going through a correction and we have reached the bottom"
  • Said the dropping price of oil was a result of market over supply & slow Asian demand, particularly China
  • Said it would take about three years for prices to climb back up to a $60-$80 range

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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