Forthcoming meeting for "OPEC" and other oil-producing countries

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Forthcoming meeting for "OPEC" and other oil-producing countries

Post  Admin on Fri Oct 09, 2015 10:21 am

Friday 09 October 2015


Venezuela announced a technical meeting of the members of the Organization of Petroleum Exporting Countries "OPEC" with other producing countries on 21 October, amid calls to reduce supply to support crude oil prices.


According to a tweet posted on the social reach "Twitter" of the Ministry of Oil and Mines of Venezuela, citing the head of the national oil company Eulogio del Pino, that "technical meeting will be held the 21st of October this month between the countries of the Organization" OPEC "and the non-member on".

And I saw the oil markets jump in prices in recent times, on the back of comments expressed through a number of oil producers in the world are willing to meet to discuss the situation in the markets, boosting expectations decline in oil supply in the market, in addition to the optimistic forecasts pointed to the possibility of the rise of oil prices to the level of $ 75 a barrel over the next two years.

She said, "Berra Anrga" which was predicted the collapse of oil prices a year ago that it expects crude prices to reach $ 70 a barrel by the end of 2016, and to $ 75 in 2017.

The Russian Energy Minister Alexander Novak expressed Russia's readiness to meet with oil producers within the Organization "OPEC" and abroad to discuss the situation in the markets energy, where he said: "There are proposals from some oil producers from within the organization," OPEC "and abroad to discuss the situation in the oil markets at the level of experts, and we are ready to participate if such consultations took place. "

In turn, the Secretary General of the Organization of Petroleum Exporting Countries "OPEC" Abdullah al-Badri stressed the need for the Organization's meeting with producers from outside to address the issue of surplus supply in the world markets.

The oil markets are experiencing an increase in crude supply have led to a decline in prices by about 60% since June 2014, after the high global production began to collide with a slowdown in global economic growth.


http://www.alqurtasnews.com/news/126869/اجتماع-مرتقب-لـ-أوبك-وبلدان-أخرى-منتجة-ل/ar

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