Launch Outlook OPEC oil freeze soon.

2016-08-15 15:48:36

Baghdad Habib Marwan.

The source said OPEC Monday, on growing expectations of a freeze on oil exports from countries of the Organization, so as to restore market balance between supply and demand.

Reuters quoted the source who refused to be named, and translated "sky", he stressed that the question now is not about "the possibility of freezing, but apply it to any level," hinting that the freeze will be passed, and the controversy revolving around the freeze level in terms of time and quantity.+

It is said that OPEC's attempt came after the big race who fought between Iraq and Saudi Arabia, to increase production to record levels, especially after recent feet to reduce prices that threatens to collapse the global oil market.