Abu Dhabi: Dr Mohammad Bin Hamad Al Romhi, Oman’s Minister of Oil and Gas, said that a price range of $100 per barrel is a suitable price that serves the interests of manufacturers and consumers.
“The stability of the market in general is for the interest of everyone, as it serves investments and crude oil supply, while also serving the interests of investments in alternative sources of energy,” said Al Romhi.“It is worth pointing out that in 2012 there has been many geopolitical and economic factors that directly affected crude oil prices, especially current events in the Middle East that led to a bit of uncertainty regarding fuel supply in the market. This directly reflects back on the prices and increases the rate of its fluctuation in a short period of time,” added Al Romhi.
