OPEC keeps production
The Organization of Petroleum Exporting Countries (OPEO), which owns more than 40% of oil exploration in the world, announced that it will keep oil production unchanged.
The Organization of Petroleum Exporting Countries (OPEO), which owns more than 40% of oil exploration in the world, announced that it will keep oil production unchanged.
Ten of the thirteen ministers of the countries belonging to OPEC had already announced that production should be changed and the minister, Ali al-Naimi, Saudi Arabia, the largest oil exporter in the world said that the demand and supply are stable, according to the Bloomberg.
"No one can speak cutting production to the level of prices for now" said John Hall, director of the John Hall Association, cited by the news agency United States.
This week the oil peaked both in New York wants to negotiate in London 103.95 US dollars a barrel and 102.29 US dollars respectively.
Investors have invested in the "commodities" because of the uncertainty experienced in capital markets and as a form of protection against the increasing inflation, leading their prices to record values.
The OPEC could again meet in May or June to discuss market conditions.
The West Texas Intermediate (WTI) [Cot] followed us to negotiate 100.36 US dollars in New York and "brest" [Cot] in London cotava in 98.06 US dollars.
The Organization of Petroleum Exporting Countries (OPEO), which owns more than 40% of oil exploration in the world, announced that it will keep oil production unchanged.
Ten of the thirteen ministers of the countries belonging to OPEC had already announced that production should be changed and the minister, Ali al-Naimi, Saudi Arabia, the largest oil exporter in the world said that the demand and supply are stable, according to the Bloomberg.
"No one can speak cutting production to the level of prices for now" said John Hall, director of the John Hall Association, cited by the news agency United States.
This week the oil peaked both in New York wants to negotiate in London 103.95 US dollars a barrel and 102.29 US dollars respectively.
Investors have invested in the "commodities" because of the uncertainty experienced in capital markets and as a form of protection against the increasing inflation, leading their prices to record values.
The OPEC could again meet in May or June to discuss market conditions.
The West Texas Intermediate (WTI) [Cot] followed us to negotiate 100.36 US dollars in New York and "brest" [Cot] in London cotava in 98.06 US dollars.
posted by news of france at
5:10 AM
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