Organization of Petroleum Exporting (OPEC) agreed to maintain production at 30 million barrels per day. This is expressed by Venezuelan Energy Minister Rafael Ramirez said after the meeting that was held on Friday (05/31/2013).
"All members agreed that the total oil production reached 30 million barrels per day, and we constantly monitor market conditions," he said. He added that the 12 OPEC member countries today are concerned about the European economic conditions that affect the demand for oil.
Policy to maintain production at levels in line with market expectations. "We constantly monitor the market due to the economic conditions in Europe which is being difficult. At a meeting to be held in December, we will have a lot of elements to determine the production, "said Ramirez.
He also added that OPEC members strive to maintain prices by maintaining production. However, oil production is a major contributor was Saudi Arabia.
Global economic outlook suggests that oil demand will be constrained by economic conditions that plagued China's inflation, the crisis in the European Union that never ended, and the uncertainty of economic policy in the United States.
"All members agreed that the total oil production reached 30 million barrels per day, and we constantly monitor market conditions," he said. He added that the 12 OPEC member countries today are concerned about the European economic conditions that affect the demand for oil.
Policy to maintain production at levels in line with market expectations. "We constantly monitor the market due to the economic conditions in Europe which is being difficult. At a meeting to be held in December, we will have a lot of elements to determine the production, "said Ramirez.
He also added that OPEC members strive to maintain prices by maintaining production. However, oil production is a major contributor was Saudi Arabia.
Global economic outlook suggests that oil demand will be constrained by economic conditions that plagued China's inflation, the crisis in the European Union that never ended, and the uncertainty of economic policy in the United States.
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