| OPEC can keep its oil output ceiling as it is so long as Brent crude remains at about $100 a barrel, according to officials from some of the group’s members. “There is balance between demand and supply, and this is reflected on prices, they are stable,” Abdul Kareem al-Luaibi, oil minister for Iraq, the group’s second-largest producer, told reporters in Vienna.
“We don’t want any shock to the market, the stability of prices is important for the global economy.”..............................................Full Article: Source
|