Oil prices will remain stable
Tuesday Mar 06 2007.
Oil prices are expected to still stable between 50-60 dollar, has affirmed Energy and Mines Minister, the world market that is characterized with “economical constant growing» is expected to stabilize
which leads the prices to remain the same because of the increase of the world demand and the little distinctive between “production increase and demand rise” explained the Minister.
As regard OPEC decision to lower production ceil, Algeria kept its commitment within the organisation and lowered its production round 80 thousand barrels daily to gain benefits from prices’ rise mounting at 25%.
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