Saudi Minister of Oil Ali Al-Naeemi said on Monday that USD 100 is a suitable price for an oil barrel in the international market for both producing and consuming countries. Speaking to reporters on the sidelines of the First GCC Oil Forum, the Minister said that the GCC countries are supporting the national media coverage of the petroleum affairs. Saudi Arabia is pleased to host the next forum in 2015, he added, praising the state of Kuwait for the good organization of this gathering.
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