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Al Arabiya TV

Expert: Time is right for GCC countries to lift government support on energy

Expert: Time is right for GCC countries to lift government support on energy

  • 31.01.2016
  • min read

Al Arabiya TV

Expert: Time is right for GCC countries to lift government support on energy

Christophe de Mahieu, a partner with Bain & Company and the leader of Bain Middle East's Industrial Goods & Services practice, discusses the oil market with Al Arabiya TV. According to de Mahieu, it is likely that oil prices will plunge to $20 per barrel unless the productive forces of oil from inside and outside OPEC, especially Saudi Arabia and Russia, reach an agreement to reconsider production levels.

(Article and video only available in Arabic)