OPEC to reach initial resonance on oil production

Cairo, December 21 (Xinhua) Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Badri 21st that the OPEC member States have reached a sympathetic conclusion and will continue to maintain the daily limit of crude oil. OPEC is expected to convene an oil conference in Angola's capital, Luanda, on 22nd, at which parties will agree on the continued stabilization of crude oil production. Since the beginning of this year, crude oil prices have maintained a fast-growing momentum, rising from $35 a barrel to more than 70 dollars.　　The price is close to the previously exaggerated "75 dollar fair price" of Saudi Arabia, an important member of OPEC, so that OPEC members are generally satisfied with the current price of crude oil. OPEC's speculation last week showed that global demand for oil would rise slightly in 2010, but the market remains at serious risk, especially as oil demand remains weak in the first half of next year. As a result, Badri also added that OPEC will continue to be cautious about next year's oil market and that there are no plans to change oil production next year.