VOL. XLII

No. 09

1-March-1999

SAUDI ARABIA

Saudi Oil Minister Says $18-20/BWTI Would Be Reasonable Price For Oil

A range of $18-20/B for WTI crude would be a"reasonable price" for oil, according to Saudi Arabias Minister ofPetroleum and Mineral Resources, Mr. Ali Naimi. Mr. Naimi, who was speaking inan exclusive interview in Riyadh with MEES Executive Editor WalidKhadduri, had the following to say in response to a question on this subject:"If you are looking for a price range, I would think...