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Kuwaiti oil minister: Oil price between 50 and 70 dollars a barrel acceptable

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Kuwaiti oil minister: Oil price between 50 and 70 dollars a barrel acceptable Empty Kuwaiti oil minister: Oil price between 50 and 70 dollars a barrel acceptable

Post by rocky on Mon 14 Oct 2019, 8:19 am

Kuwaiti oil minister: Oil price between 50 and 70 dollars a barrel acceptable


Kuwaiti oil minister: Oil price between 50 and 70 dollars a barrel acceptable 17561

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

    Current date/time is Mon 25 May 2020, 10:29 am