Saudi Oil Minister Naimi said in Vienna on the 27th, the global economy should be able to withstand 75 to 80 U.S. dollars per barrel of crude oil prices.
Naimi has repeatedly stressed that the 75 ~ 80 U.S. dollars / barrel of crude oil prices is to ensure that investment in new energy supply standards. He pointed out that despite the current global economy is very weak, but as the oil-producing countries of Saudi Arabia were able to cope with oil prices near 50 U.S. dollars a barrel.
The recent rise in crude oil prices, Naimi believes that this is reflected in the optimism of the future is expected to improve the situation.
Source: www.in-en.com May. 28, 2009
