MADRID (MarketWatch) — Oil at $20-a-barrel? The heck you say.

Well, that was the gist of an interview the Organization of Petroleum Exporting Countries Secretary-General Abdalla El-Badri told Bloomberg Television on the sidelines of the World Economic Forum in Davos.

“The price will not go to $20 or $25, I think the price will stay at where we are now,” El-Badri said. “We have seen this before — prices coming down very fast and go up very slow. But prices will rebound.”

To date, March crude prices are down CLH25, 11% and Brent oil UK:LCOH5 for the same forward month has lost about 15% this year. OPEC, meanwhile, has not strayed from its script since November, when it decided to keep its production unchanged, which accelerated the oil selloff in markets to its lowest since 2009.

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Since then, it’s been an endless string of comments from cartel members and non-members, as the market seems to slowly adjust to $50 oil-prices and investment banks ratchet down forecasts. Iran’s oil minister Bijan Namdar Zanganeh said recently that his country is well-positioned to withstand $25-a-barrel oil. He also said OPEC and non-OPEC countries would eventually cooperate to “restore balance to the oil market.”

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Prince Alwaleed bin Talal, the billionaire Saudi businessman, said earlier in the month that $100-a-barrel oil is gone for good, and that the decision by his country to “not reduce production was prudent, smart and shrewd.” Had Saudi Arabia cut its production by 1 or 2 million barrels, the shortfall would have been made up by someone else.

On Sunday, Iraq did its part to help bring down oil prices by saying his country had pumped out a record four million barrels of oil a day in December. That combined with downbeat news on Chinese growth and lowered forecasts for growth for nearly everywhere from the International Monetary Fund.

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While mostly supportive voices have been heard over OPEC’s decision, non-member Oman criticized the cartel’s decision not to cut production in a conference in Kuwait City on Wednesday, Bloomberg reported.

“I really fail to understand how market share became more important than revenue,” Oman’s Oil Minister Mohammed Al-Rumhy said. “We have created volatility, and volatility is one of those words that’s bad for business.”

But Al-Badr said in Davos that if the cartel had cut in November, it would have to keep cutting as non-OPEC members would cut.

“Everyone tells us to cut. But I want to ask you, do we produce at higher cost or lower costs? Let’s produce the lower-cost oil first and then produce the higher cost,” he said, according to Reuters.

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The heads of two major oil firms gave separate warnings about oil prices. “What we need is stability... OPEC is like the central bank for oil which must give stability to the oil prices to be able to invest in a regular way,” Claudio Descalzi, head of Eni S.p.A ENI, -2.71% , told Reuters Television.