Chakib Khalil the president of the Organization of Petroleum Exporting Countries (OPEC), said that the tension on the Iranian nuclear program, the main factor in the decline in oil prices recently, not a change in supply and demand.
Abdullah al-badri general secretary of OPEC announced that a conference for Oil producer and consumer will be held in Jeddeh of Saudi Arabia to discuss high prices of crud oil in 22nd of this month
The President of the Organization of Petroleum Exporting Countries (OPEC) said that the organization “concerned ” the likelihood of stagnant demand for oil, which may not provide them with adequate investment to increase oil production.
It seems that Chances are too less for Organization of Petroleum Exporting Countries (OPEC) to reach decision on increase production, during a meeting of small producers and consumers in Jeddah, in spite of the pressing claims by great consumers, especially with the emergence of differences within the organization on that issue.
