He said such a price was justified by rising inflation, a fall in purchasing power and the weakness of the dollar, which has dropped about 10 percent in value against the euro over the past year.
166
Qatar Wants To Sell its Crude for $100
Qatar's energy minister said crude oil prices, which have surged recently to record levels above 80 dollars a barrel
Qatar's energy minister said crude oil prices should be more than 100 dollars.
"If we take into account inflation from 1972 to the present day, the real and fair price for oil should be more than 100 dollars," Abdullah bin Hamad Al-Attiyah said in remarks aired by Al-Jazeera television on Tuesday.
He said such a price was justified by rising inflation, a fall in purchasing power and the weakness of the dollar, which has dropped about 10 percent in value against the euro over the past year.
His comments contradict those of OPEC chief Abdalla Salem el-Badri who said in September that current prices around 80 dollars did not reflect fundamentals and were unlikely to last long at that level.
He said such a price was justified by rising inflation, a fall in purchasing power and the weakness of the dollar, which has dropped about 10 percent in value against the euro over the past year.
Подпишитесь
