OPEC sees nothing critical in oil prices

 

OPEC sees nothing critical in oil pricesAt today's meeting of the OPEC countries Minister of Energy of the United Arab Emirates Suhail Mohammed Al Mazruey voiced the opinion that the current decline in oil prices can not be assessed as a crisis of the world oil market."We are not going to panic, it's not the first time, it is not the crisis that can make us t panic. We have seen even lower prices," RIA Novost quotes the minister.A similar view was expressed by the Minister of Petroleum and Energy of Qatar, Mohammed bin Saleh Al-Sad, who stressed that OPEC members agree that "there is no crisis in the market."

At today's meeting of the OPEC countries, Minister of Energy of the United Arab Emirates Suhail Mohammed Al Mazruey voiced the opinion that the current decline in oil prices cannot be assessed as a crisis of the world oil market.

 

"We are not going to panic, it's not the first time, it is not a crisis that can make us panic. We have seen even lower prices," RIA Novosti quotes the minister.

 

A similar view was expressed by the Minister of Petroleum and Energy of Qatar, Mohammed bin Saleh Al-Sad, who stressed that OPEC members agree that "there is no crisis in the market."