With the price of oil seemingly stabilising, at least for the present, in the middle ground at around $68 a barrel, double the recent low but still less than half last year's peak, there is talk of added impetus for the energy renewables sector. Renewables need a sustained oil price around $70 a barrel to justify the investment required to expand the sector. Saudi Arabia has consistently argued that a price of between $70 and $80 a barrel is "a sustainable level for them"
Profile of Saudi Arabia
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