Wednesday, January 19, 2011

OPEC crude oil price is expected to reach President 100 U.S. dollars per barrel

 Most analysts also believe that oil prices will be 100 U.S. dollars a barrel mark this year, but some believe that the slowdown in global economic growth this year will reduce demand for crude oil.



Ka Sami said that given the current market situation and the purchasing power of oil-producing countries, oil prices reached 100 dollars a barrel is not unrealistic. OPEC is no need to hold an emergency meeting to discuss prices for this question. He also said he would continue to focus on oil demand, in order to ensure the security of existing supplies.

Petroleum Exporting Countries (OPEC) President, Iran's oil minister recently estimated Ka Sami, the international crude oil prices will soon break through 100 U.S. dollars a barrel. 

No comments:

Post a Comment