Oman considers fair the price of oil above 50 dollars

© AP Photo / Hasan JamaliДобыча oil. Archival photoOman considers fair the price of oil above 50 dollars© AP Photo / Hasan Jamali

The oil Minister of Oman, Mohammed al-Rumhi considers fair the price of oil above 50 dollars a barrel.

«If the oil price is 50, we will probably find a way to feel comfortable and survive. It will not be very good, but there’s nothing we can do, we do not set prices. If the price is 50, then 50, 40 if, 40 if 70, 70», — told the journalists of al Rumhi.

«We need a fair price (oil — ed.) and 50 is not a fair price,» he said. «A little above 50,» said al Rumhy, answering the question, what is the price of oil is fair.

The world price of oil by mid-day environment have slowed the rate of decline in investors waiting for news from Vienna, where the meeting of the Ministerial monitoring Committee of OPEC+. The cost of the February futures for North sea petroleum mix of mark Brent to 15.12 GMT were down 0.5% to 61,77 dollars per barrel. On Wednesday morning a fall in the price of oil reached almost 2%.Oman considers fair the price of oil above 50 dollars© Infographicsrussia forces in the world oil market

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