ID :
219146
Wed, 12/14/2011 - 12:33
Auther :
Shortlink :
https://www.oananews.org//node/219146
The shortlink copeid
No OPEC member pursues output rise: Iranian secretary general
TEHRAN,Dec.14 (MNA)--The secretary general of the Organization of the Petroleum Exporting Countries has said that no one of the member states is in favor of output rise in the upcoming meeting of the organization in Vienna on December 14.
The production ceiling will be discussed in the 160th OPEC ministerial meeting in Vienna, Abdalla Salem Al-Badri told , adding that some of the members are under external political pressures to boost their production.
Oil ministers of the Organization of the Petroleum Exporting Countries will meet in Vienna on December 14 to decide on production quotas.
OPEC, which pumps a third of the world's oil, forecast 2011 demand growing by just 0.88 million bpd to 87.81 million bpd. It is the first time this year that OPEC has cut its oil demand growth estimate to below 1 million bpd. For 2012, it cut demand by 70,000 bpd to 1.19 million bpd, according to Reuters.