Fri, Dec 26, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices proper, market stable: Saudi minister

Posted on 26 March 2013

Oil prices at around $100 a barrel are reasonable for both consumers and producers, OPEC heavyweight Saudi Arabia’s oil minister said, again highlighting the top crude exporter’s preferred oil price. Saudi Arabia’s Gulf ally Kuwait echoed the comments on price, saying the current levels were fair, with the market a little bit oversupplied.
“I just came from Hong Kong and I told everybody, in 1996, I thought $20 a barrel was reasonable; in 2006 I thought $27 a barrel was reasonable and now it is around $100 a barrel. I told them again it is reasonable,” Ali al Naimi told reporters asking him what the fair price for consumers and producers would be………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38584 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031