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Opec says low oil price won't continue, may rise within a yearGlobal crude oil prices at seven-year lows will not continue and could swing upwards in as little as a year, the Organization of the Petroleum Exporting Countries (Opec) Secretary-General Abdullah Al Badri said, as the low-price cycle leads to More… |
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Opec's Al Badri says oil may have hit floor, warns of future spikeOil prices at current levels may have reached a floor and could move higher very soon, the Organization of the Petroleum Exporting Countries (Opec's) secretary-general said, his first public comment that oil's second-biggest decline on More… |
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Opec ‘to act if needed, split was over data’Economics, rather than politics was behind the collapse of this week's Opec talks and the group as a whole would act if it grew worried about oil supplies running short, a top Opec official said on Thursday. The Organization of the Pet More… |
