Oman Oil Minister lashes out at Opec | GulfNews.com:
"Oman’s Minister of Oil and Gas, Mohammed Al Rumhy, hit out at the Organisation of Petroleum of Exporting Countries (Opec) on Monday, labelling their decision to choose market share over revenue as “wrong”.
Last November, 12-member Opec, which produces about a third of the world’s oil, decided to keep oil production flat at 30 million barrels day at a time when prices had declined due to a global excess of oil.
“I think they’re wrong those who are sticking to market share and reducing their income by half,” Al Rumhy said in Muscat at the ministry’s annual media briefing."
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