Middle East Economic Survey

VOL. LIII

No 5

1-Feb-2010

OIL PRICES

Naimi Declares Satisfaction With Great Oil Price

Current oil prices of $70-80/B are good for both consumer and producer and are sufficient to attract necessary investment into building future capacity, Saudi Arabias Minister of Petroleum and Mineral Resources Ali al-Naimi declared in remarks published on 25 January. Everyone is looking at this price. And everyone is saying this is great. And more importantly, economic...