A Crude Price of S70-80/B Would Attract Investments in the Energy Sector, Says Mr. al-Naimi

摘要

Confident of an early recovery in the world economy, the Saudi Oil Minister, Mr. Ali al-Naimi, does not expect that OPEC will need to reduce its oil production in 2010, judging from recent estimates and forecasts for world oil supply and demand. The demand for Saudi crude was rising and that was proof that world economic conditions were improving, maintained Mr. al-Naimi.