| |||||||||||||||||||
 |
| ||||||||||||||||||
|
|
But the decision, like decisions taken by other countries, made no change in the prices, which were estimated yesterday at $60 a barrel. Meanwhile, the prices of most industrialised, semi-industrialised products and raw materials are soaring in markets of industrialised countries which are recycling again the petrodollar for their benefit. During the 19 October Doha meeting, through its decision to reduce its production by 1200 000 barrels, i.e. a limit of 27 million barrels a day, the OPEC is trying to limit the decline of prices. During the past two months the barrel’s price lost more than $12. OPEC members had to review their policy to maintain their gains. But markets were not affected by the OPEC decision for many reasons, among which the OPEC production exceeds the threshold, i.e. 28 million barrels daily and the markets changes. As Northern and Central America did not witness any hurricane this year it is likely to have an impact on the prices. The oil demand is also stable in China, India and Japan. The American reserves have increased during the period when the oil demand decreases. | ||||||||||||||||||
Algeria reduces production with 59 000 b/d