Oman’s OilMin: OPEC, non-OPEC must continue cooperation to spur oil investments

Dhwani Mehta FXStreet

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.

Key Points:

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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