17.09.2014 - OPEC's Badri sees oil prices rising again by year-end
OPEC secretary general Abdalla el-Badri said Tuesday he expected world oil prices to stage a recovery from two-year lows by the end of this year. The oil producer group's crude basket, which dipped below the $100/barrel level in mid-August and has been falling since, stood at $94.68/b on Monday. "The oil price has been falling over the past two months but we believe that the price will grow again by the end of the year," Russian news agency Prime quoted Badri as saying after talks with Russian energy minister Alexander Novak in Vienna. A joint statement said the talks had reached "a general consensus that the market is well-supplied with healthy stock levels and adequate spare capacity."............................................Full Article: Source
Print