PARIS, January 12. The President of OPEC, the oil Minister of Nigeria Emmanuel IBE Cacique supported the convening of the extraordinary summit of the organization in early March on world oil prices. This was reported by Agence France-Presse.
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According to him, the main purpose of the meeting was to review the pricing policy and if necessary change the strategy of the cartel. “Current prices dictate the need for a meeting”, – said the Chairman of OPEC.
“We said that if the price of oil reaches $35 per barrel, we will consider holding an extraordinary meeting,” said Cacique, noting that the call for an extraordinary meeting addressed him, “some OPEC members”.
Earlier Tuesday, the price of futures for oil of mark Brent with delivery in February 2016 on the ICE stock exchange in London has dropped 2.85% to $30,65 per barrel. Oil price of WTI fell to the lowest level since December 2003, reaching a low of $31,41 per barrel.
Oil prices for 30 years