![Saudi Arabia’s $100 Oil quandary](https://cdn.energydais.com/media/images/news/17_2e4KV5f.jpg)
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There are rumours that Saudi Arabia wants oil prices to be at $100 per barrel. However, if prices rise to this level, it could evoke the next downturn. They want more revenues for their budget and a higher oil price to enhance Aramco IPO’s valuation. But this momentary thought could be troublesome for them and the oil prices, and ultimately the oil demand.