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Main » 2015 » October » 8 » OPEC called for a time-out in the war in oil prices
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OPEC called for a time-out in the war in oil prices
 
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The recurring theme of "winner takes all" again on the world oil market.

 

 

OPEC Secretary General Abdalla Salem El-Badri today again full of enthusiasm for cooperation between OPEC and non-OPEC countries, to help speed up the balance in the global market. He said:

"We have no problems with cooperation from anyone. Even with US manufacturers. If they want to talk to us, we are ready to talk to them because now the situation is actually affects almost everyone. In the US, OPEC, non-OPEC countries, all. "

Meanwhile, the CEO of Shell Beugden Ben Wang, said today that he is beginning to see the impact of low prices on the situation: "In May and June we saw the first signs of decline in production. This may result in higher prices if OPEC at the same time come to an agreement "regarding the preservation of production under control."(This debate will go without end).

According to recent data, the US trade deficit widened to $ 48 billion. Compared to $ 41 billion. Last month, as exports continued to lag behind.

The deficit increased by $ 4.2 billion. To $ 32.9 billion. Because of the situation in China, the highest rate among all countries. Nevertheless, a positive attitude back to the broader market to lighten the mood in the oil industry and oil prices again were supported.

Recall that yesterday, oil prices fell after data on commodity stocks.

Source

According to the materials WELTRADE

 

 
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