The head of OPEC Abdalla Salem al-Badri believes that in the near future will be an improvement of price dynamics on the market of black gold.
A bad period in the oil market has ended and in coming days it is possible to increase price movements, said the head of OPEC Abdalla Salem al-Badri.
“The oil market improves, the price improves, I think that bad times, the bad period is over, now I’m waiting for better prices,” he said in an interview with reporters before a meeting of OPEC in Vienna.
We will remind, on Thursday in Vienna the countries-importers of the black gold are going to discuss a new ceiling of oil production. It is assumed that the level limit increased to 32.4 million barrels per day.
Earlier The Wall Street Journal reported that Saudi Arabia is considering the possibility to support collective production ceiling of OPEC oil. Against restrictions are going to be the United Arab Emirates. Dubai said it will support a document only when it will join Iran. Meanwhile in Tehran was ready to discuss freezing only after will increase its production to 4 million barrels.
