Out of bounds
is ready to manage the oil market
newspaper quoted Saudi life, on Monday, a source in the Organization of Petroleum Exporting Countries (OPEC) that Riyadh was ready to cooperate in the oil market management provided that collaborates all producers from inside and outside the organization.
The source told the newspaper: "It is still early talk about an emergency meeting of the organization, especially as the volume of oil would seek Iran to pump into the market after the lifting of the sanctions, is still unknown, it will not be determined exactly at least two months from now. "
considering OPEC request from Venezuela, which suffers from a lack of liquidity to hold an emergency meeting to support oil prices.
jumped the price of oil in the past few days after Russian officials said they had received proposals from Saudi Arabia on production management and they are ready for talks. New York oil falls 2% after the Chinese dataoil prices fell two percent, yesterday Monday, after data from China, the largest energy consumer in the world. While reduced OPEC source down talk of an emergency meeting to stop the downward trend. Chinese data contraction of the manufacturing sector at the fastest pace since 2012 and showed in January, boosting concerns about demand from China, the second largest economy in the world at a time when the market is already straining under the weight of a big glut in supply. The data issued by the South Korean bleak as it fell exports to levels not seen in the Asian country since the global financial crisis in 2009. Vienna no decision yet on a meeting between oil producers of OPEC said two delegates in OPEC, on Monday, said that the oil producers of OPEC and outside have not yet agreed to hold a meeting to discuss action to support oil prices.this comes a week after Russian officials told that there should be a dialogue with Moscow on OPEC production. The delegates said that the organization has not taken a decision yet on holding a meeting of its members at the request of Venezuela, but the number of Member States in response to the idea was lukewarm. Delegates said OPEC last week that a meeting of officials from WHO and elsewhere have held in this February or March next year and so on expert level and not at the ministerial level.