5 Apr 2018
Qatar Oil Minister: too early to exit OPEC oil cuts as investment still low - RTRS
Qatar's Energy Minister Mohammed al-Sada, in an interview to Reuters, was noted saying that it’s too early to exit OPEC oil cuts as investment still low.
Additional quotes:
• OPEC and non-OPEC should keep momentum in cooperating with regards to oil market management
• Recovery in oil prices hasn't been met yet with an increase in investments
• Need to restore to restore investments in oil industry, could take many months
• OPEC could start being concerned about market over-tightening in mid and long term
• OPEC, non-OPEC cooperation platform should stay for long-term, even after cuts end