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IEA’s Birol says hopes for ‘responsible decision’ by OPEC

Posted on 09 December 2011

The International Energy Agency hopes that the Organization of Petroleum Exporting Countries will make a “responsible decision” on oil production at its meeting in Vienna next week, Chief Economist Fatih Birol said.
Demand remains strong, driven by China and the Middle East, crude stockpiles in Organization for Economic Cooperation and Development countries are coming to “low levels” and high oil prices are risky for the global economy, he said today in Warsaw. “There’s disappointing news from non-OPEC producing countries,” he said, without giving more details………………………………………..Full Article: Source


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