Tuesday, January 25, 2011

Kuwait Oil Minister the current oil price close to $ 90 a barrel satisfied

 Naimi also said it expected OPEC (OPEC) will increase production to other countries to meet global oil demand growth, but also have the opportunity to OPEC to increase production to meet demand, but he refused to Comments OPEC plan to immediately increase production.

al-Sabah said, OPEC crude oil production depends on whether the change in the market and the implementation of production quotas.

Saudi Arabian Oil Minister Ali Naimi (Ali al-Naimi) said Monday it expects oil prices to be flat on last year's level of global oil demand is expected to increase about 2%, or about every 150-180 million barrels per day, the main increase in demand will come from Asia (especially mainland China and India), Middle East and Latin America, and other three regions.

Petroleum Exporting Countries (OPEC) member Kuwait's oil minister Sheikh Ahmad al-Abdullah al-Sabah on Tuesday (January 25) that the current nearly 90 U.S. dollars / barrel oil prices are satisfied.

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