Oman oil minister says he's comfortable with oil at $70 per barrel - report

February 1, 2018

Oman minister of oil and gas Mohammed Al-Rumhi with some comments on Kuwait news outlet Kuna

Oman are not part of the OPEC, but they do produce more oil than OPEC members like Ecuador and Libya.

Probably just wanting to reiterate that they will be producing more and contributing more to supply with prices at current levels.

Brent has fallen a little off the $70 levels mentioned, and is now at $68.66 - trading 0.52% lower on the day.

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