Bahraini Minister Cautions on Price Rises
The Bahraini Minister of Development and Industry, Mr. Yusif al-Shirawi, has warned the Gulf oil exporters against "mad" price increases which might damage their longer-term interests. In an interview published on 11 July, Mr. Shirawi said that "I believe $18/B is an acceptable price that gives oil the ability to compete and gives room to Gulf Cooperation Council (GCC) countries to market their oil. I do not think it is in the...
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