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Commodities Briefing - Categorized | Oil, Price Watch more

OPEC chief says oil price is ‘comfortable’

Posted on 05 April 2013

OPEC is not seeking to raise oil prices, with the cartel’s chief estimating Thursday that the current level is “comfortable” for both producers and consumers.
“We are not advocating a higher price, we are advocating a reasonable price where we can invest (…) and producers and consumers can live together,” OPEC Secretary-General Abdullah El-Badri said at an oil industry gathering in Paris. “The price as we see it now is comfortable both for producers and consumers,” he added………………………………………..Full Article: Source


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