国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global General

Special

Newsmaker

Asia Pacific

America

Middle East

Europe

Africa

OPEC may cut output if price trends dow

(Agencies)
Updated: 2008-08-23 08:51

CARACAS - OPEC should consider cutting oil production at the next meeting if member nations determine that recent price declines constitute a sustained downturn, Venezuela's energy minister Rafael Ramirez said on Friday.

Related readings:  Oil hits three-month low as dollar rebounds  OPEC chief: Oil prices may fall to $70  OPEC rejects call to set price band for oil  OPEC to maintain world oil demand forecast unchanged

Oil prices of Friday fell below $115 per barrel, ending a week of volatile trading that followed a mid-July peak above $147 per barrel, leading some OPEC nations to suggest the cartel should consider changing output levels.

"There has been a lot of fluctuation in the price, but what has to be seen are the trends," Ramirez told reporters.

"In OPEC we have to evaluate if this is becoming a downward trend in order to make a decision about production. That is our proposal, but we have to consider it there in OPEC."

The organization is scheduled to meet in early September.

He said he could not rule out "a priori" that the group might lower output, but said "nobody is thinking about adding new production to the market."

He added that OPEC would evaluate if there have been noticeable increases in global oil inventories or if there are signs the market is being inundated with crude.

"Yes, there is plenty of oil in the market," he said, asked if markets were well-supplied.