W3Schools

OPEC plans informal production talks for September

Getty Images

The logo of the OPEC (Organization of the Petroleum Exporting Countries). The cartel will hold informal talks at a September conference, according to its president, Qatar’s energy minister, Mohammed bin Saleh al-Sada.

OPEC will hold informal talks at an energy conference in September, the cartel’s president said Monday, as oil-producing nations worry over a recent downturn in the crude market.

The Organization of the Petroleum Exporting Countries is always discussing ways to stabilize the market, said Qatar’s energy minister, Mohammed bin Saleh al-Sada, who is serving as the 14-nation oil cartel’s president this year.

The OPEC president sounded a positive note about the crude-oil market, saying demand was expected to be strong in the second half of 2016, while the global supply of petroleum would weaken.

>>> Original Source <<<

Comentários