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Kuwaiti oil minister: Oil price between 50 and 70 dollars a barrel acceptable
Economy News _ Baghdad
Kuwaiti Oil Minister Khalid Al-Fadhil said that the current oil price level between $ 50 and $ 70 a barrel is acceptable, adding to reporters that the level of oil prices range between 55 and 65 and $ 70 a barrel and that this level is considered acceptable, although we aspire to be more stable in the prices".
Fadil said that falling oil prices too low will harm the consuming countries, adding, "If prices fall below the necessary level, there will be no investments in the oil field."
"We are in the process of reconsidering some of the issues related to the strategy of oil and gas production," he added.
http://economy-news.net/content.php?id=18016
Economy News _ Baghdad
Kuwaiti Oil Minister Khalid Al-Fadhil said that the current oil price level between $ 50 and $ 70 a barrel is acceptable, adding to reporters that the level of oil prices range between 55 and 65 and $ 70 a barrel and that this level is considered acceptable, although we aspire to be more stable in the prices".
Fadil said that falling oil prices too low will harm the consuming countries, adding, "If prices fall below the necessary level, there will be no investments in the oil field."
"We are in the process of reconsidering some of the issues related to the strategy of oil and gas production," he added.
http://economy-news.net/content.php?id=18016
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