OPEC discusses output cut

Güncelleme Tarihi:

OPEC discusses output cut
Oluşturulma Tarihi: Mart 16, 2009 00:00

VIENNA - OPEC ministers began talks yesterday to decide whether to set new output targets or stick to existing curbs against a backdrop of swelling oil inventories and a shattered world economy.

Ministers from the 12-member Organization of the Petroleum Exporting Countries said the first item on the agenda was tighter enforcement of agreements since September to lower supply targets by 4.2 million barrels per day, or bpd.

But they have yet to rule out also agreeing deeper cuts to stave off further price weakness and pre-empt more rises in inventories as demand sinks. "It could go either way," OPEC Secretary General Abdullah al-Badri told reporters yesterday when asked which course of action ministers favored. Consumer nations are pressuring the group to avoid pushing oil sharply higher.

The International Energy Agency, which represents consumer countries, said cheaper oil amounted to a trillion-dollar financial stimulus and Barack Obama, president of the United States, called Saudi King Abdullah last week. On arriving in Vienna, Saudi Arabian Oil Minister Ali al-Naimi threw the emphasis on output discipline. "Compliance is good," Naimi said. "We'd like to see compliance as high as possible. It is over 80 percent now, it can be better."

He also said the current oil price of around $46 a barrel was not enough to sustain new production and said a reasonable price was about $75.
Haberle ilgili daha fazlası:

BAKMADAN GEÇME!