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Commodities Briefing - Categorized | Oil, Price Watch more

Qatar oil min says $70 right price for oil

Posted on 15 January 2009

From Guardian:Oil at $70 a barrel is the right price to keep companies and producers investing in new resources, Qatar’s oil minister said on Wednesday.

“Low oil prices will reflect a freeze in investment in new resources. When growth comes back, we will have another shock, as resources will not be there to meet demand,” Abdullah al-Attiyah said on the sidelines of Petrotech, India’s biggest oil and gas conference….. Full Article: Source


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