OPEC Wants To Push Prices Down To $100/B

Published on Friday, 04 May 11:12 am

OPEC Secretary General 'Abd Allah al-Badri said OPEC wants to push oil prices back down to $100/B by boosting production, as it fears demand destruction. Mr. Badri said: “We are trying to bring the price down…We are not happy with prices at $110-130/B.”

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