Amid the growing global financial crisis, "we need to impose some order" Alvarez said.
Author: Ksenia Kochneva
200
OPEC Price Bands System to Come Back?
Bernardo Alvarez, Venezuelian expelled ambassador to the U.S., former Hydrocarbons Vice Minister, and now a top adviser to Venezuelan president Hugo Chavez proposed the system of price bands controls coming back
On June 30 of this year, the President of OPEC Chakib Khelil rejected a call to set any price band control in face of relentless rise of world oil prices.
The price fluctuations Alvarez said, should worry not only producers, but the whole oil-consuming world because the oil activities such as exploration, production and financing can become compromised by a sharp decline in prices.
Amid the growing global financial crisis, "we need to impose some order" Alvarez said.
Author: Ksenia Kochneva
Amid the growing global financial crisis, "we need to impose some order" Alvarez said.
Author: Ksenia Kochneva
Подпишитесь
