The head of OPEC: oil producers should help to restrain the fall of prices


LONDON, January 25. OPEC Secretary General Abdullah al-Badri urged major oil producers to help stem the fall in world oil prices. He said this, speaking at the Royal Institute of international Affairs (Chatham house).

According to him, in the future crashing in the petroleum industry will occur as long as countries inside and outside OPEC will not cooperate. “It is vital that all the major manufacturers discussed the solution to this problem. World markets are interested in the volume of oil dropped to levels that will allow you to restore the pictures and the flow of investments”, – quotes the Financial Times the words of al-Badri.

“This is not only important for producers but also for consumers. The world needs more oil volume, but it needs more investment,” he added.