|
|
Article: Asia, ME ministers to discuss oil price.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- April 25, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Dubai
Asian and Middle East energy ministers may agree this weekend that letting oil prices rise eventually in order to stimulate investment is just as vital as keeping crude at $50 for now to aid the ailing world economy.
But they may struggle to find common ground over how and when that ascent should start, and what producers should do in the meantime to balance the desire for relatively low prices against the risk of a growing glut of stockpiled crude.
Members of Opec including Saudi Arabia and Kuwait - both of whom will attend Sunday's biennial meeting of Asian consumers and Gulf exporters - have made clear they will tolerate $50 a ...