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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