Oil sector needs investment to avoid volatility like gas market By Reuters

Oil sector needs investment to avoid volatility like gas market By Reuters
Oil sector needs investment to avoid volatility like gas market By Reuters

© Reuters.

DUBAI (Reuters) – UAE Energy Minister Suhail al-Mazrouei said at a forum on Thursday that the global oil market is at risk from the fluctuations in the gas market unless it is invested in it properly.

In response to a question if the OPEC + group would be willing to increase its production to calm the rise in oil prices, the minister said that OPEC + producers have the ability to do so, but they do not want to overdo it.

(Prepared by Mahmoud Salama for the Arab Newsletter)

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Oil sector investment avoid volatility gas market Reuters

 
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