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OPEC's El-Badri says current oil price will not continue

OPEC general sec speaking in New Delhi, holding talks with Indian oil min

  • this oil price will change in a few months, year or so

Gee, thanks for that accurate insight!

  • OPEC looking at fair price
  • looking at reasonable oil prices
  • non-OPEC supplies to be cut by 400k bpd by 2016
  • US exporting will not affect oil prices
  • India is becoming a power house

El-Badri says he will have similar meetings with China, EU and Russia but has no knowledge of an emergency OPEC meeting

Indian oil min says they now import 95% of its gas from OPEC and 85% of its oil

Meanwhile oil prices are falling again with Brent and WTI both on session lows at $37.57 and $36.10 respectively

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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