Mahdi from United Arab Emirates: No need for an emergency meeting of OPEC -

Mahdi from United Arab Emirates: No need for an emergency meeting of OPEC -


Said Iraqi Oil Minister Adel Abdul-Mahdi, Sunday, he did not see a need for an emergency meeting of OPEC.

Said Abdul-Mahdi told reporters on the sidelines of the OAPEC in Abu Dhabi meeting, and I followed "echo the truth," he "does not see the need for an emergency meeting of OPEC," and urged "anticipation and wait if the organization had taken the right decision to maintain the production level unchanged" .

Abdul-Mahdi said he "believes that prices stabilize around current levels at around $ 60 a barrel."

The price of oil has fallen clearly since last September amid concerns about excess supply in the global market and weak economic growth in East Asia to reach oil prices in Brent crude to $ 60 per barrel and $ 57 per barrel in the OPEC basket.


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