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20 May, 2008
After the announcement of the Organization of the Petroleum Exporting Countries (OPEC) that the production won’t be increased, at least until its meeting of September, the crude marked a new historical record when going over the mark of the US$ 129 in New York. In the New York Mercantile Exchange the barrel of West Texas Intermediate (WTI) for June reached today for the first time the 129,31. The petroleum Brent, quoted in London, franked itself for the first time the threshold of the 127 dollars when reaching the unheard-of level of 127,49 dollars. “When reiterating that it wouldn´t increase its production, the OPEC gave a slight impulse” to the prices, considered the analysts of the Barclays Capital bank. In a colloquy organized by the algerian newspaper The Moudjahid, Khelil specified that “any relative decision to the maintenance or the increase of the current level of production will be adopted in the meeting” of Vienna. “There won’t be changes in the production of the OPEC before the meeting of September”, he emphasized. The algerian minister explained that he doesn’t expect an increment of the production since “the prices of the petroleum are not bounded to the offer and demand law anymore”. On last Thursday, Khelil announced that the OPEC will have a supplementary production of five million daily barrels in the horizon of 2012. Source: La Nación Deje un comentario |
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