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According to the plan, OPEC members are scheduled to hold a special meeting in Vienna, Austria, on February 1. When a reporter asked whether OPEC would consider increasing crude oil production at the meeting, Shahristani responded that OPEC has not urgently needed to increase production.
In response to concerns that international crude oil demand may decline due to the deceleration of the United States and the world economy, Shahristani said that OPEC has not discussed the possibility of reducing production in the near future.
Also attending the annual meeting of the World Economic Forum, UAE Energy Minister Mohammad Hamili told the media that OPEC will discuss the economic prospects of the United States and the world and its impact on future crude oil demand at the beginning of February, but he refused Disclosed the UAE’s position on adjusting crude oil production.
At the beginning of the new year, international crude oil prices broke through the 100-dollar mark once a barrel and fell slightly afterwards. Despite concerns that the US economic slowdown may lead to a drop in demand for crude oil, international oil prices are still hovering around $90 a barrel.
OPEC will not adjust crude oil production temporarily
According to reports from Xinhua News Agency, Iraqi Oil Minister Hossein Shahristani stated at the annual meeting of the World Economic Forum in Davos that the Organization of Petroleum Exporting Countries (OPEC) will not consider adjusting crude oil production temporarily.