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OPEC Secretary General: the decline in oil prices will not pay to reduce production
The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) that the organization does not seek to remedy the decline in oil prices through production cuts.
He said Abdalla Salem El-Badri, during an interview in Dubai, "the decision was made. Leave things as they are. "
It is noteworthy that Brent crude retreated on Friday after the price of a barrel to less than $ 62, the lowest rate since 2009. "
Badri said the organization "assess the situation in order to determine the actual reasons behind the decline in oil Oeadsar."
This is the first comments made by Badri since the OPEC meeting in Vienna last month that the organization of production decided to stay unchanged.
Badri said that the organization's decision was not intended to harm the interests of oil producers.
"Some say that this resolution is intended to US shale oil. All of this is true. Some also say that targeting Iran and Russia. This is also not true. "
Brent crude fell by almost 50 percent since June as a result of the slowdown in global demand and increased production from the United States.
And settled a barrel on Friday at $ 61.46 after the International Energy Agency predicted prices decline as a result of weak demand and increased supply over the next year. Ended 11
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