Wed, May 27, 2015
A A A
Welcome preal121
RSS

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


 Article link

This post was written by:

VRS - who has written 40662 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31