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

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.