| Oil producing countries plan to stabilize the crude output, and probably trim it, in case the prices failed to “balance” in the markets, according to a Kuwaiti expert. Affirming that the collectively desired price is in the range of $ 50-60 per barrel, Mohammad Al-Shatti said that a number of these countries, during their upcoming meeting in Doha, Qatar, would first seek to firm the production for months, and in case the balance could not be restored, they would slash it.
Oil prices have already recovered, amid various factors related to the world economy and supply and demand, he said, adding that positive reports by the US Federal Reserve diminished concerns about the American and Chinese economies...............................................Full Article: Source
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