Oman sees oil price trading within $65-$70 range
January 12 2018 05:53 PM
Oman
Oman's Oil Minister Mohamed bin Hamad al-Rumhi

Reuters/Abu Dhabi

Oman's Oil Minister Mohamed bin Hamad al-Rumhi said on Friday he was not concerned about the current rise in oil prices and that he expected prices to trade within a "healthy" range of $65 to $70 a barrel for few weeks.
Oman's current production was around 965,000 to 970,000 barrels per day, he said, complying with the global oil production cut agreement.
"I think the price will stay healthy in the $65 to $70 range for few weeks until something happens in the world," Rumhi told reporters on the sidelines of an industry conference in Abu Dhabi. 



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