Baku-APA. Saudi Arabia does not see oil prices falling below $30 a barrel again due to improvement in global demand for crude, Deputy Crown Prince Mohammed bin Salman said on Monday as he outlined a sweeping economic reform plan, known as Vision 2030, APA reports quoting Reuters.
"We can achieve this vision even if oil is lower than $30. We think it is almost impossible to go under $30 because of global demand," Prince Mohammed said in a news conference.
"The plan can deal with any price, $30, $28, $70... but the plan was made with $30 in mind."
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