The Limited Times

Now you can see non-English news...

Saudi's prompt response, suppressing significant fluctuations in crude oil prices = OPEC Secretary General

2019-09-26T07:52:37.256Z


[Nursultan 26th Reuters]-Secretary-General Barkind of the Organization of Petroleum Exporting Countries (OPEC) said that Saudi Arabia was quickly working on recovery of production after the oil facility was attacked, which prevented drastic fluctuations in crude oil prices.


[Nursultan 26th Reuters]-Secretary-General Barkind of the Organization of Petroleum Exporting Countries (OPEC) said that Saudi Arabia was working quickly to recover production after the oil facility was attacked, limiting crude oil price fluctuations. The view that it is.

I mentioned it at an energy-related meeting in Kazakhstan.

Mr Barkind said it was unlikely that extraordinary meetings between OPEC member countries and major oil producing countries would be held, as Saudi recovered most of its supply and the problem was “past”.

OPEC continued to focus on keeping oil prices stable and said, "We will do whatever is necessary to separate crude oil from politics."

He also expects strong long-term growth in demand for crude oil, particularly in developing countries. Regarding short-term risks, he indicated that the market is focusing on the results of the US-China trade talks.

Mr Barkind pointed out that while global economic growth suggests a slowdown, there are no signs of recession rather than “concerns”.

Source: asahi

All news articles on 2019-09-26

You may like

Business 2024-03-29T05:08:45.230Z
News/Politics 2024-02-20T10:23:26.248Z
News/Politics 2024-02-21T04:01:04.564Z
News/Politics 2024-02-20T12:33:29.106Z

Trends 24h

News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.