• Oman's Oil Minister Mohammed Bin Hamad Al Rumhy: OPEC’s oil production levels are “irresponsible”

Market news

10 November 2015

Oman's Oil Minister Mohammed Bin Hamad Al Rumhy: OPEC’s oil production levels are “irresponsible”

Oman's Oil Minister Mohammed Bin Hamad Al Rumhy said on Monday that OPEC's oil production levels are "irresponsible".

"This is a commodity that if you have one million barrels a day extra in the market, you just destroy the market. We are hurting, we are feeling the pain and we're taking it like a God-driven crisis. Sorry I don't buy this, I think we've created it ourselves," he said.

Oman isn't a member of OPEC.

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