Oman’s Oil Minister Mohammed Hamad Al-Rumhi is on the wires now, via Reuters, pressing the need for the Oil and Petroleum Exporting Countries (OPEC) cooperation to boost investments in the oil sector.
OPEC, non-OPEC must continue cooperation to maintain market conditions that encourage oil investments.
New global oil reserves found last year was at a 40-year low.
Oil investments are now starting to come back.
Market confidence is still being restored.
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