Oman’s OilMin rules out oil prices dropping below $15 per barrel

Oman’s Energy Minister Dr. Mohammed bin Hamad Al Rumhi told Reuters on Thursday; he rules out oil prices dropping below $15 per barrel.

Additional quotes

Oil production stands at 970,000 bpd, unaffected by oil prices drop.

Doesn't support increasing oil output at this ‘sensitive stage'.

US invitation to main OPEC countries to return to talks may rekindle hope to reach solution that would control oil price decline.

Oman working with OPEC, other oil producing countries to try to control prices and reach agreement satisfactory to all.