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Wysłany: Pon 15:24, 07 Mar 2011 Temat postu: OPEC holds steady as Saudi restates $70-$80 goal |
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,buy cheap newport and marlboro cigarettes online,newport cigarettes wholesaleOPEC holds steady as Saudi restates $70-$80 goal
With OPEC's next meeting not scheduled until June,buy cheap newport cigarettes online,cheap marlboro cigarettes, markets may now test Saudi Arabia's resolve in keeping prices below $80.
"Clearly prices too high will not help us in the long run,newport menthol cigarettes, as we saw in 2008,cheap newport cigarettes with stamp," said a Gulf OPEC delegate.
Oil hit a record $147 a barrel in 2008,marlboro cigarettes, hitting fuel demand just as economic recession undercut the market and sent crude to a low of under $34 a barrel.
OPEC agreed its biggest ever supply curbs at the end of 2008 and has not changed policy since.
Many in OPEC argue that inventories are sufficient and some say that speculators are to blame for pushing prices higher.
Inventories held among the industrialized nations of the OECD are high at 60 days of forward demand.
But the International Energy Agency, adviser to consumer nations on energy, said on Friday that world demand, bolstered by an early winter cold snap, is rising more quickly than expected. |
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