26.03.2013 - $ 100 oil price ‘reasonable’: Kuwait
The Kingdom said that $100 a barrel is a “reasonable” price for oil while Kuwait said the price is “fair” and the market was stable. “In 1997, I thought 20 dollars was reasonable. In 2006, I thought 27 dollars was reasonable,” said Minister for Petroleum and Mineral Resources Ali Al-Naimi in Kuwait City. “Now, it is around $ 100 ... and I say again it is reasonable.” Kuwait’s Oil Minister Hani Hussein said the “current oil price is fair. There is a little bit of over-supply, but we think that the market is stable at the moment,” he said...............................................Full Article: Source
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