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quinta-feira, 2 de junho de 2016

OPEC fails to agree on oil production ceiling

                   Presidente da Opep, Mohammed al-Sada, e secretário-geral, Abdullah al-Badri, durante coletiva de imprensa após reunião do grupo em Viena, na Áustria

Vienna - A meeting Thursday of the Organization of Petroleum Exporting Countries (OPEC) ended without any new agreement on a ceiling for oil production.

Thus, the group of countries continues with the policy of not intervening, as members say that the market is gradually moving towards a balance between supply and demand and prices gain momentum.

OPEC, which controls more than a third of the world's oil, has rejected the idea of reintroducing a collective production limit.

Some OPEC members wanted the quota, to give more discipline to the group's production and boost prices.

The cartel has produced strong level for 18 months, which puts pressure on prices.

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