Oman’s OilMin: OPEC, non-OPEC must continue cooperation to spur oil investments

Oman’s Oil Minister Mohammed Hamad Al-Rumhi is on the wires now, via Reuters, pressing the need for the Oil and Petroleum Exporting Countries (OPEC) cooperation to boost investments in the oil sector.

Key Points:

OPEC, non-OPEC must continue cooperation to maintain market conditions that encourage oil investments.

New global oil reserves found last year was at a 40-year low.

Oil investments are now starting to come back.

Market confidence is still being restored.