Al-Sada calls for oil prices above $50 to lift investment

Qatar’s Energy Minister and Opec President HE Dr Mohamed bin Saleh al-Sada arrives for the Opec meeting in Vienna, Austria yesterday. Al-Sada said yesterday that the oil market was positive at the moment and heading towards balance, adding the atmosphere at the Opec meeting was positive in reference to oil markets. He said a fair price to encourage investment would require crude to be above $50 per barrel.