Venezuela wants minimum $80 oil price for 2010
|
| Published on Thursday, November 5, 2009 |
Email To Friend Print Version |
CARACAS, Venezuela (Reuters) -- Venezuelan Energy Minister Rafael Ramirez said on Wednesday that the OPEC nation would like to see a minimum oil price of $80 per barrel for 2010.
When asked by reporters about goals for next year, Ramirez responded: "A floor of $80 and stability."
Producer group OPEC last year agreed to a series of output reductions aimed at raising oil prices, which dropped from a record near $150 a barrel in July 2008 to below $33 a barrel in December as the recession battered fuel demand.
OPEC next meets on Dec. 22 to decide on production targets, and both Venezuela and fellow price-hawk Iran said this week that OPEC did not need to increase output then.
Big consumer nations such as the United States have expressed concern that higher oil prices could weigh on a rebound in the global economy. | | | | Reads : 302 | | | |
|
|
