OPEC Head: Crude oil prices will go up!
Posted on: 12/Oct/2015 5:27:33 PM
Qatar government`s Minister for fuel resources has informed that the prices of crude oil will increase substantially during the next year.
The minister, who is also the head of OPEC (Organisation of Petroleum Exporting Countries) expressed that the current conditions and scenario are indicating the right time for the increase in the prices of crude oil.
He further explained all the reasons for reduction in international crude oil process are getting solved gradually. The economies of various countries across the world have shown signs of picking up with recession disappearing slowly. Hence, there are bright chances that demand for crude oil prices will go up in these countries leading to its price rise.
