Wednesday, December 15, 2010
OPEC (OPEC) to maintain its current output unchanged.
<P> OPEC (OPEC) cut some members resisted the calls and consumer requirements facing high oil prices increase the pressure to maintain production remained unchanged. .</ P> <P> maintain the current OPEC production decisions that reflect their own views on lower oil prices can do nothing. .The ministers to increase U.S. oil inventory levels, for example, that because of soaring oil prices push weaker dollar, not oil shortage caused by the global market. .</ P> <P> It http://finance. News, OPEC main Xishajibo • Khelil (CHAKIB KHELIL) said crude oil inventories higher than the five-year average, oil prices was triggered by weak U.S. dollar, the United States .credit crisis and the "oil market speculation." .</ P> <P> Khelil said the problems the U.S. economy affect the rest of the world economy. .</ P> <P> In fact, prior to the meeting on Wednesday that some OPEC members out of the U.S. economic slowdown will reduce demand for oil, concerns about lower oil prices have been cut open request. .But this week a time when inflation-adjusted crude oil futures prices more than 103.76 U.S. dollars to an intraday high of fear that if OPEC production cuts will anger consumers. .Khelil said the ministers did not at the meeting to discuss production cuts. .</ P> <P> on Wednesday, with the unexpected decline in U.S. oil inventories, the U.S. dollar to new lows, crude oil futures hit a new intraday record high. .</ P> <P> oil in dollars, so when the dollar fell, oil prices will go up. .Overall, the economic development in recent years as the world consumes more oil, the oil price was rising. .Global daily oil demand of about four as the OPEC supply. .</ P> <P> Khelil said that OPEC will meet again in September, but if the market needs it, from now until September you can at any time during the meeting. .OPEC ministers will gather in Rome by the end of April to participate in an informal negotiations between supply and demand, but if significant changes in market conditions, negotiation pattern will change. .</ P> <P> advertising in the final communiqué, OPEC claims that Venezuela's oil minister has been informed of the country and Exxon Mobil (Exxon Mobil Corp.) Legal dispute is still ongoing, and expressed support for Venezuela, according to international law .the exercise of sovereignty over their natural resources. .Khelil said OPEC hopes to settle the dispute through negotiations. .The dispute involving Venezuela Exxon Mobil's interests in the country were nationalized and the corresponding compensation. .</ P> <P> shows OPEC meeting on Wednesday, a new position. .OPEC's decision once the decisive factor is oil prices. .But now, the U.S. interest rate policy, bond and stock market fluctuations and other factors are more important. .</ P> <P> U.S. interest rate cuts have prompted investors to turn to higher returns than stocks and bonds, assets, especially commodities. .This also played a role in fueling the oil price. .Decline in interest rates there is much room still uncertain..
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