Oil minister warns of price war and crash

An oil price war will result if non-Opec nations do not cooperate with the oil cartel, Qatari Oil Minister Abdullah bin Hamad al-Attiyah warned today.

Oil minister warns of price war and crash
Tue, 06 Nov, 2001 - 14:48

An oil price war will result if non-Opec nations do not cooperate with the oil cartel, Qatari Oil Minister Abdullah bin Hamad al-Attiyah warned today.

‘‘I’m afraid of that, but this will be the result, because Opec has limits and red lines it can’t cross in reducing its production,’’ He said.

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CourtsWar on TerrorismPlace: United StatesPlace: Abu DhabiPerson: Oil MinisterPerson: Abdullah bin Hamad al-AttiyahEvent: September 11 terrorist attacksOrganisation: OPECOrganisation: Organisation of Petroleum Exporting CountriesOrganisation: Al-Attiyah
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