- OPEC Secretary-General Abdullah Al-Badri: oil prices will not continue to drop
Market news
16 December 2015
OPEC Secretary-General Abdullah Al-Badri: oil prices will not continue to drop
OPEC Secretary-General Abdullah Al-Badri said on Tuesday that oil prices will not continue to drop as some oil producer will lower its output.
"I saw very high price, I saw low price, and this is one of them. This will not continue. In a few months or a year or so this will change," he said.
Al-Badri noted that OPEC does not target a certain price but is looking for a fair value.
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