Sun, Dec 21, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Resources more

Saudi Oil Minister Al-Naimi Sees No Reason to Change OPEC Output

Posted on 12 May 2014

The Organization of the Petroleum Exporting Countries won’t change its crude oil output level when it meets next month, Saudi Arabia’s Minister of Petroleum and Mineral Resources Ali Al-Naimi said Monday.
“Supply is highly sufficient. Demand is great. And the market is fairly stable. There’s no reason for a change. absolutely no reason,” Mr. Al-Naimi said. Asked if OPEC’s output cap of 30 million barrels a day is right, the oil minister said: “I think so. I know so.” He also said the current global oil price of $100 a barrel is the fair price “for everybody, consumer, producer and oil companies.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031