OPEC may still consider extending its cooperation with non-OPEC partners on managing supplies despite a tightening market and the recent geopolitics-led rise in oil prices, Qatari oil minister Mohammed al-Sada said in an interview. Related article: Qatar to have operational LNG export capacity of 100 mil mt/year by 2024 Global upstream investment is still lagging and will be insufficient to meet projected future demand, Sada told S&P Global Platts. “It would be safe to say that, except for shale plays in USA, there is still a general hesitation in committing resources for oil exploration and development.,” Sada said. “There is a need to stimulate investments to ensure adequate oil supplies are available to meet the growing demand and offset declines in some parts of the world.” Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, […]