Qatar Unfazed by Potential Oil Price Dips
Qatar's Energy Minister, Saad al-Kaabi, mentioned at an economic forum in Doha that if oil prices drop below $60 per barrel, it would lead to a decline in investment and unmet power requirements. He also expressed no concern over a potential surplus in the LNG market.
- Country:
- Qatar
In a pivotal address at an economic forum in Doha, Qatar's Minister of Energy, Saad al-Kaabi, highlighted the potential repercussions of oil prices falling below the $60 per barrel threshold.
He warned that such a scenario could curtail investments and hinder the meeting of global power requirements.
Despite these concerns, al-Kaabi confidently asserted that Qatar, a leading global LNG exporter, remains untroubled by the prospect of an LNG supply glut.
(With inputs from agencies.)
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