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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price of $100-110 acceptable: Kuwait minister

Posted on 07 October 2013

Kuwaiti Oil Minister Mustafa al-Shamali said that an oil price of between $100 (74 euros) to $110 per barrel is acceptable to both producers and consumers, in remarks published on Sunday.
“The acceptable and fair price for oil at this stage is $100 to $110 a barrel,” Shamali told Al-Seyassah newspaper. “These prices are good and acceptable to all parties. They help producers to complete their production and exploration projects, besides they are suitable to consumers and the global economy,” he said………………………………………..Full Article: Source


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