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Venezuela energy minister: OPEC current production is adequate
CARACAS
Petroleumworld.com, Mar 03, 2008
Rafael Ramirez, Venezuelan energy and oil Minister said Friday that OPEC current production was adequate and Venezuela will push to maintain the same production levels at the next OPEC meeting.
" We want the same production," OPEC current production is adequate Ramirez told reporters Friday after a signing ceremony with Eni SpA's.
"OPEC should be very careful not to inundate the market with oil" Ramirez added.Ramirez explained that high oil prices are due to speculators and geopolitical factors.
OPEC will meet March 5 in Vienna to decide on output levels.
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