ID :
207797
Sun, 09/18/2011 - 09:35
Auther :
Shortlink :
https://oananews.org//node/207797
The shortlink copeid
Iran's OPEC Governor Sees No Major Change in Crude Prices
TEHRAN (FNA)- Iran's Governor at the Organization of Petroleum Exporting Countries (OPEC) Mohammad Ali Khatibi said no major change in oil prices is perceived for winter due to the ongoing global economic recession.
"Due to the existing economic crisis, it is predicted that this year no significant changes happen in the oil price by the onset of the cold season," Khatibi said.
He further explained that there were indications that lingering financial crisis in some western countries would lead to a drop in oil demand.
"The drop in demand in recent weeks has been to the extent that some non-OPEC producing countries were compelled to lower their output in proportion to the drop in demand," Khatibi said.
Iran holds the rotating presidency of the group.
"Due to the existing economic crisis, it is predicted that this year no significant changes happen in the oil price by the onset of the cold season," Khatibi said.
He further explained that there were indications that lingering financial crisis in some western countries would lead to a drop in oil demand.
"The drop in demand in recent weeks has been to the extent that some non-OPEC producing countries were compelled to lower their output in proportion to the drop in demand," Khatibi said.
Iran holds the rotating presidency of the group.
