Venezuela reveal underpin OPEC target price of world crude oil market reached $ 70 hope to bolster investment in the industry.

Mr. Ali Rodrigues Rmw. library Venezuela said. Countries who export oil (OPEC) crude oil prices to world market movements at 70 $ / barrel To maintain the status of investment in new energy industries.
"In fact, when oil prices move in long, low, prices will soar in the production and investment due to the slowdown resulting tight supply conditions. The reason is that oil prices will cause maximum What happened at this time is to invest in the oil industry around the world lower. Including exploration and drilling. And refining. In the long term. Situation will cause more oil prices soaring, "Rodrigues said a journalist with Ecuador
Re net pot, Mr. Chak Petroleum chairman of Libya's estimated that up to 50% of the country oil exporters (OPEC) will reduce production quotas to meet on Thursday, May 28 This action is expected to bolster the oil price surge more than $ 70 per barrel.
Expectations of the net pot, said that in line with Mr. Ali Al-Saudi Energy Night is Rmw. comment yesterday. Group OPEC will reduce production quotas for this meeting and Mr. Charles กิ the เคลิ Rmw. Energy Algeria, which predicts OPEC will reduce production quotas as well. Bloomberg news agency reported.