The price of oil may exceed $100 per barrel due to the uncertainty with the offer on the world market, said Saudi Arabian oil minister Khalid al-Falih.
Saudi Minister did not rule out oil prices hitting $100 per barrel
“If 3 million barrels per day disappears, we cannot cover this volume. So we have to use oil reserves,” he added.
He added that OPEC member states are increasing production to avoid new peaks.