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AP Interview: Qatar energy minister wants 'fair' oil price

  • Mohammed bin Saleh al-Sada, Qatar's minister of energy and industry, speaks to The Associated Press at his office in Doha, Qatar, Tuesday, May 24, 2016. The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday, ahead of next week's meeting of OPEC producers. (AP Photo/Adam Schreck)

    Mohammed bin Saleh al-Sada, Qatar's minister of energy and industry, speaks to The Associated Press at his office in Doha, Qatar, Tuesday, May 24, 2016. The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday, ahead of next week's meeting of OPEC producers. (AP Photo/Adam Schreck)  (The Associated Press)

  • Mohammed bin Saleh al-Sada, Qatar's minister of energy and industry, arrives at his office in Doha, Qatar, Tuesday, May 24, 2016. The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday, ahead of next week's meeting of OPEC producers. (AP Photo/Adam Schreck)

    Mohammed bin Saleh al-Sada, Qatar's minister of energy and industry, arrives at his office in Doha, Qatar, Tuesday, May 24, 2016. The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday, ahead of next week's meeting of OPEC producers. (AP Photo/Adam Schreck)  (The Associated Press)

  • A Qatari man walks past the country's Ministry of Energy and Industry in Doha, Qatar, Tuesday, May 24, 2016. Mohammed bin Saleh al-Sada, Qatar's minister of energy and industry, says the oil market is recovering slowly from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment. (AP Photo/Adam Schreck)

    A Qatari man walks past the country's Ministry of Energy and Industry in Doha, Qatar, Tuesday, May 24, 2016. Mohammed bin Saleh al-Sada, Qatar's minister of energy and industry, says the oil market is recovering slowly from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment. (AP Photo/Adam Schreck)  (The Associated Press)

Qatar's energy minister says the oil market is recovering slowly from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment.

Mohammed bin Saleh al-Sada says a minimum price of $65 a barrel is "badly needed at the moment." He says the security of future supplies is as risk because of a drop in investment prompted by the price slump.

Al-Sada spoke to The Associated Press on Tuesday in Doha. He currently serves as president of OPEC, the 13-member bloc of oil producers that is preparing to meet in Vienna next week.

In the interview, al-Sada did not rule out reviving talks of a freeze in production among major producers after similar negotiations collapsed last month.