Author Topic: OPEC: Oil prices will recover soon  (Read 258 times)

Offline beach7

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OPEC: Oil prices will recover soon
« on: January 22, 2015, 06:52:34 AM »
OPEC: Oil prices will recover soon

Follow-up - and babysit -
Predicted the Secretary General of OPEC Abdullah al-Badri, Wednesday, oil prices to recover soon after that I got more than 50 percent since last June.

Badri said at the World Economic Forum in Davos, Switzerland, that "the price will recover and will return to normal very soon," he said, adding that "if the organization has reduced production was forced to cut again after that because the non-Member States was the increase of production."

Badri added that "production policy of OPEC is not directed against Russia or Iran or the United States."

Oil prices fell to their lowest level in five years, which would impact negatively on the public going forward for the country.