Economic news

OPEC says oil prospects are uncertain

The prospects of oil market for the second six months of 2018 are very unclear even given that OPEC’s data confirms there is no global excess, prompting that exporters are not going to be inclined to cancel production restrictions at a gathering in the coming week, according to the Organization of the Petroleum Exporting Countries.

At the time when oil prices stay around $80 per barrel, their record height since 2014, Saudi Arabia and Russia are considering crude production increases by OPEC countries and other states.

The next policy meeting will be held in Vienna on June 22-23.


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