OPEC AND OIL PRICES
Kuwaiti Oil Minister Confirms $17-19/B Price Target
According to the Kuwaiti Oil Minister, Shaikh 'Ali Khalifah al-Sabah, "oil should stay competitive with alternative sources of energy." For this reason, Shaikh 'Ali said, "we are not prepared to work towards a price of $28/B at the present time. I think that if we reach a price of $17-$19/B at the end of the year it would be a good thing." The Kuwaiti Minister's statement may be taken as...
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