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OPEC decided to put the breakes on a 60$ for a barrel.

The organization may not try to raise oil prices beyond $60 per barrel
for fear of a renewed glut.
On the other hand, the group would like to see the price of oil increase,
but not very high to keep rivals rasing there output. After a meeting
with OPEC secretary-general Mohammed Barkindo on Tuesday, Iran’s
oil minister Bijan Zanganeh said that OPEC is hoping to get the oil price
between $50 and $60 a barrel—higher than today’s $47. Russian
Energy Minister Alexander Novak mentioned that production freeze is
one of possible solution for stabilizing markets. His Saudi partners do
not agree with him.
A swiss oil consultan Oliver Jakob said: “there is no interest to push
crude oil prices above this level” in his opinion this proces could spark
a new glut that could drive prices down all over again.
We as a country that is not a member of OPEC can not influence in
any way these processes .

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