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Commodities Briefing - Categorized | Market Moves, Oil, People more

Governor: OPEC striving to balance oil market

Posted on 22 April 2013

Mohammad Ali Khatibi, who is also the National Iranian Oil Company’s Director for International Affairs told the oil ministry’s website that in a report earlier this year, OPEC’s Secretariat has predicted oil supply would surpass demand.
Khatibi added that following growth in oil production in Non-OPEC countries and rising oil withdrawal from non-conventional reserves including shale oil, it is predicted world oil supply to go beyond demand. ……………………………………….Full Article: Source


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