OPEC coy
Source: Agencies |
December 25, 2010, Saturday
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Print Edition
Print Edition
OPEC gave no signals yesterday it would supply the world with more crude, despite oil prices trading near a two-year high and with most analysts predicting a rally above US$100 per barrel.
OPEC's most influential oil minister Saudi Arabia's Ali al-Naimi said he was still happy with an oil price of US$70-US$80 per barrel.
He was speaking on his arrival in Cairo for a meeting of Arab oil exporting countries.
Arab OPEC ministers are meeting in the Egyptian capital this weekend where they may discuss oil production and price, but no formal decision on output will take place.
OPEC's most influential oil minister Saudi Arabia's Ali al-Naimi said he was still happy with an oil price of US$70-US$80 per barrel.
He was speaking on his arrival in Cairo for a meeting of Arab oil exporting countries.
Arab OPEC ministers are meeting in the Egyptian capital this weekend where they may discuss oil production and price, but no formal decision on output will take place.
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