May 24, 2011

Cable: Former Saudi Aramco exec bullish on oil prices

A Sept. 2, 2009 cable from the U.S. consulate in Dhahran detailed the views of Dr. Sadad al-Husseini, Saudi Aramco's former executive vice president. He maintained that speculation would drive oil prices upwards due to volatile political factors in Venezuela, Nigeria, Iran, Iraq and Libya, the cable said.

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