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"OPEC" to keep oil production as it is despite a drop in prices to the lowest level in 4 years
Twilight News / and oil and energy ministers agreed in the 12 Member States, the Organization of Petroleum Exporting Countries "OPEC" Thursday to maintain the current production ceiling of the Organization without modification at 30 million barrels per day.
alt Saudi Oil Minister Ali al-Naimi told reporters he had seen "Twilight News" following the ministerial meeting it was agreed not to change the current production ceiling of the Organization.
Oil prices have fallen to their lowest level in four years today amid anticipation Organization of Petroleum Exporting Countries not agree (OPEC) to cut production at its meeting which ended in the Austrian capital Vienna.
And held the 66 OPEC meeting today to discuss the current rates of oil policies that will affect the economies of the Member States.
OPEC currently includes Iraq, Iran, and Saudi Arabia, and the UAE, Angola, Kuwait, Qatar, Venezuela, Ecuador, Libya, Algeria, and Nigeria.
Said Abdul Rahman Al-Tahir Alaharh, Deputy Libyan Prime Minister for the bodies, and the President of the Conference (OPEC) in the opening speech in front of the 166 meeting of the Conference of OPEC, said that it is important to "recognize that if the trend continues in oil prices, as in the recent times, the long-term sustainability of increased capacity and investment projects plans, could be jeopardized. "
Earlier in the day, Brent crude fell to its lowest level in four years without the barrier of $ 76.30 a barrel.
Fell futures for Brent benchmark more than $ to $ 76.28 a barrel, the lowest level recorded since September 2010, as US crude lost more than $ to $ 72.61, the lowest price of the session.
Alaharh He added that the recent price developments is a sign that oil prices are looking for stability and balance.
The ministers agreed on oil and energy in the Member States, the Organization of Petroleum Exporting Countries "OPEC", the atheist tenth of June last, to keep the current production ceiling of about 30 million barrels per day.
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Twilight News / and oil and energy ministers agreed in the 12 Member States, the Organization of Petroleum Exporting Countries "OPEC" Thursday to maintain the current production ceiling of the Organization without modification at 30 million barrels per day.
alt Saudi Oil Minister Ali al-Naimi told reporters he had seen "Twilight News" following the ministerial meeting it was agreed not to change the current production ceiling of the Organization.
Oil prices have fallen to their lowest level in four years today amid anticipation Organization of Petroleum Exporting Countries not agree (OPEC) to cut production at its meeting which ended in the Austrian capital Vienna.
And held the 66 OPEC meeting today to discuss the current rates of oil policies that will affect the economies of the Member States.
OPEC currently includes Iraq, Iran, and Saudi Arabia, and the UAE, Angola, Kuwait, Qatar, Venezuela, Ecuador, Libya, Algeria, and Nigeria.
Said Abdul Rahman Al-Tahir Alaharh, Deputy Libyan Prime Minister for the bodies, and the President of the Conference (OPEC) in the opening speech in front of the 166 meeting of the Conference of OPEC, said that it is important to "recognize that if the trend continues in oil prices, as in the recent times, the long-term sustainability of increased capacity and investment projects plans, could be jeopardized. "
Earlier in the day, Brent crude fell to its lowest level in four years without the barrier of $ 76.30 a barrel.
Fell futures for Brent benchmark more than $ to $ 76.28 a barrel, the lowest level recorded since September 2010, as US crude lost more than $ to $ 72.61, the lowest price of the session.
Alaharh He added that the recent price developments is a sign that oil prices are looking for stability and balance.
The ministers agreed on oil and energy in the Member States, the Organization of Petroleum Exporting Countries "OPEC", the atheist tenth of June last, to keep the current production ceiling of about 30 million barrels per day.
[You must be registered and logged in to see this link.]
