A new supercycle in global oil prices could be triggered by a lack of new investments in exploration, Saudi Arabia’s energy minister said. Prince Abdulaziz bin Salman, who’s been warning speculators of the hazards of bearish bets, told the Robin Hood Investors Conference on Wednesday that his job is to prevent such a supercycle, according to people familiar with his comments. The comments mark an attempt by Prince Abdulaziz to reach out directly to Wall Street, speaking to an audience of hedge funds in a rare move for a Saudi royal. Previous oil ministers tended toward closed-door discussions with influential market voices such as commodity hedge funds. “I think it’s my job, and others’ jobs, to make sure this super-cycle doesn’t happen,” the prince said. He also warned that there is a risk of a supercycle due to “lack of investing.” […]