[postlink]http://newslightingtechnology.blogspot.com/2008/12/oil-prices-may-rise-if-opec-production_19.html[/postlink]Jakarta - Plan OPEC cut production 1,5-2 million barrels per day votes will not affect significantly push up the price of oil. New oil prices' tergelitik 'rise if OPEC cut production of large-scale up to 5 million barrels per day.
However observers delivered perminyakkan Kurtubi when contacted detikFinance, Friday (5/12/2008).
"If the cut 1.5 million barrels, the estimated price of oil has not driven up significantly. New could rise if OPEC cut production significantly by 5 million barrels," he said
According to Kutubi, by cutting as many as 5 million barrels per day from OPEC production is now around 31 million barrels per day, the price of oil could rise back up to U.S. $ 80-100 per barrel.
OPEC members wish to raise the price of oil back to take the business hard. Moreover, in the midst of the current economic crisis in which almost all industrialized countries experienced a decrease in the economy, demand for oil price is very low.
The oil market is currently very weak. From the demand side, because economic growth in many countries the negative. At their industrial consumption of oil in large industry, "he said.
Oil prices are also increasingly oppressive as the exchange rate of U.S. dollar against almost all currencies of other countries continue appreciating. This makes investors prefer to hold the money in the form of U.S. dollars were spent in the oil market.
"Oil markets now are very thin, people prefer to hold the studied rather the US$," he added.
However observers delivered perminyakkan Kurtubi when contacted detikFinance, Friday (5/12/2008).
"If the cut 1.5 million barrels, the estimated price of oil has not driven up significantly. New could rise if OPEC cut production significantly by 5 million barrels," he said
According to Kutubi, by cutting as many as 5 million barrels per day from OPEC production is now around 31 million barrels per day, the price of oil could rise back up to U.S. $ 80-100 per barrel.
OPEC members wish to raise the price of oil back to take the business hard. Moreover, in the midst of the current economic crisis in which almost all industrialized countries experienced a decrease in the economy, demand for oil price is very low.
The oil market is currently very weak. From the demand side, because economic growth in many countries the negative. At their industrial consumption of oil in large industry, "he said.
Oil prices are also increasingly oppressive as the exchange rate of U.S. dollar against almost all currencies of other countries continue appreciating. This makes investors prefer to hold the money in the form of U.S. dollars were spent in the oil market.
"Oil markets now are very thin, people prefer to hold the studied rather the US$," he added.
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