Qatar oil minister says Gulf states will maintain oil investment

The statement shows that the Gulf leaders do not plan to cut back their output to support prices

Gulf energy producers will continue to invest to maintain stable energy supplies, Qatar’s Oil Minister Mohammed al-Sada said in Doha on Thursday ahead of a meeting of Gulf states’ oil ministers.

“The world knows very well that the Gulf Cooperation Council countries are its trusted partner that will spare no efforts or investments … to secure a stable source of energy to push the wheel of the global economy, and we will remain on this path God willing,” he told reporters.