OPEC expects difficult times in the first half of next year

Wednesday 15 September 2010

The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Abdullah al-Badri said he was concerned about the global economy and said the rest of 2010 and the first half of 2011 will be a very difficult period.
Badri said that the oil market seems reluctant to accept the oil prices in a range of 75 dollars to 85 dollars a barrel and that he expected to keep prices in that range for the rest of the year.
Badri said "the rest of this year and the first half of next year will be difficult. We must be very careful about any action taken by any one."
"It will be a probationary period is very interesting. Either to overcome a recession or a return."
"I think that the global economy needs a stimulus program, another."

1 comments:

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