OPEC: Support independent oil producers is not our responsibility

OPEC: Support independent oil producers is not our responsibility




10.11.2015 Baghdad)


Officials of the Organization of Petroleum Exporting Countries said (OPEC), said that the high cost of production owners must find solutions that protect their industry and their investments, and check them survive in the market.
He said officials, that "the organization can not help others, as some imagine, to cut production to support prices."
He said "OPEC" focus on the future, and to protect market shares, and continued investment, and does not have a target price level. "
They pointed out that "demand growth is the only one able to stop the decline in prices, the market and attract upwards strongly", stressing "it can not be definitively avoid speculative activity and price volatility in the oil market in full, and in particular that the investment in the oil industry, has a long-term nature ". It ended 29 quarters e


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