Quotation: "As OPEC prepares to meet, a fast-changing energy mix raises questions about the future of oil markets"
Published in the Financial Post
“The important question from Saudi Arabia’s perspective, and from every producer’s perspective, is what is the future trajectory of prices compared to the present,” says Omar Al-Ubaydli, a director for the Bahrain Center for Strategic, International and Energy Studies.
“Given that they think oil prices are going to be lower in the future — because of electric cars, because governments want to do more to cut emissions and that kind of thing — it makes sense to try to sell as much as they can now.”
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