Thursday 30 October 2014

Don't panic, Opec boss says after oil price fall

There is no need to panic at the recent collapse in oil prices, the secretary general of Opec said on Wednesday, saying low prices would curb competing supplies and require the group to pump far more by the end of the decade. Abdu


Opec chief expects comfortable year

  Opec's secretary general said he was not worried about the oil market outlook for 2013, as the exporter group pumps a million barrels per day (bpd) more than its official output target without weakening prices.


Opec chief hopes for lower output

Opec Secretary General Abdullah Al-Badri hopes the oil producer group will trim output towards its output target of 30 million barrels per day (bpd) in coming months, industry newsletter Gulf Oil Review quoted him as saying. The O


Acceptable oil price 'above $75-$85 range'

An acceptable range for oil prices is higher than $75 to $85 a barrel because of inflation, Opec's Secretary General  Abdullah al-Badri said on Thursday.   He said it was very difficult to specify a precise range, but infla

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