SAUDI ARABIA

Saudi King Sees Prices Stabilizing at Maximum of $20/B 

The Saudi ruler, King Fahd ibn 'Abd al-'Aziz, believes that oil prices will stabilize "at a maximum of $20/B." In an interview published in the Kuwaiti daily al-Siyasah on 2 June, the Saudi King also said that one "unfortunate" feature of the present situation is that the full benefit of the price collapse has not been passed on to the consumers, and that in future "reason must...