London - the steep slide in oil prices this week is welcome because gross over US $120 per barrel can affect the world economy, while crude at $ 90 to $ 100 is ideal, an OPEC delegate said Friday.
Oil fell to $109 a barrel Friday, which extends from the record rout the previous session, which suffered as much as 10% of the price, on concerns about the strength of the global economic recovery.
"The price had been too high, to $120 per barrel, which is not good for consumers because it can have an impact on the world economy", said the delegate, who refused to be identified by name. "A price in the range of $ 90 to $ 100 will be ideal."
Oil drop was motivated in part by the death of al-Qaeda chief Osama bin Laden, the delegate said, rather than any change in the supply and demand for oil.
The Organization of the petroleum exporting countries is scheduled to meet June 8 in Vienna and will retain its policy of official output unchanged, despite the loss of Libyan supplies, can, said the delegate.
"I do not think that we are willing to change the quota at this time due to the geopolitical uncertainty." "The Libya production has dropped dramatically, but there was compensation by Saudi Arabia and other members".
Despite this, other OPEC members see the need for a clear signal in June that the group is ready to take measures to make oil back below $100 per barrel.
The members of OPEC, including Saudi Arabia Gulf tend to have a more moderate view on prices than the related hawks, such as the Iran, which holds the rotating Presidency of OPEC this year, and the Venezuela.
"I think that OPEC may consider lifting production as a psychological factor that helps the prices to go down", a delegate of one of the countries of the Gulf of OPEC said Thursday.
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