Qatar Oil minister fears a Supply Crisis

Friday, October 9, 2009

Oil prices should be above 70 dollars/barrel to stimulate investments in increased production capacity. With oil prices below 70 dollars, we can hava e medium to long term supply crisis, Qatar's oil minister Abdullah bin Hamad al-Attiyah said on Monday.

"Now what we are seeing is that the oil price went to a level that leads me to be concerned it will create another crisis in the short term or medium term for supply," Abdullah bin Hamad al-Attiyah said.

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