OPEC will hold its annual meeting tomorrow amid expectations to maintain the production ceiling

History of edits:: 2015/12/3 12:49 • 43 visits readable


OPEC will hold its annual meeting tomorrow amid expectations to maintain the production ceiling
{International: Euphrates News} held oil ministers Organization of Petroleum Exporting Countries {OPEC} ministerial meeting of the 168 on Friday where he is expected to deliver the deterioration of oil prices by more than 70 percent a shadow over the work of a private meeting after prices dropped significantly and reached less than $ 40 a barrel.

He is scheduled to OPEC oil ministers looking over the whole day at length the reasons that led to the decline in rates that supply and demand factors are available in the market as saying Organization {OPEC}.

Will also consider oil ministers of the Organization of the report to be submitted to the Commission on market surveillance ministerial to this meeting on forecasts of supply and demand for oil during the first half of next year and the nature of the economic prospects of the global oil market.

According to informed sources within the organization that the "subject of the secretary-general will be among the topics to be considered by the ministerial meeting, but it was unclear whether the ministers would reach during their meeting to candidate consensual among all States the 12 members, or will be extension of the current Secretary General of the Libyan Abdullah al-Badri even reach expected compatibility.

"The raw materials price basket {OPEC} low already risen over the past month in 2015 slightly by 19 cents for futures contracts, bringing the price of a barrel to about $ 45 and increased the US west Texas crude by 82 cents to 29 t price of $ 46 a barrel Brent crude price which is always relatively higher rose by 75 cents to 29.49 dollars a Brmel.anthy


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