Nov. 20 (Bloomberg) -- OPEC Secretary General Abdalla el- Badri said the December meeting of the oil producing organization will be “comfortable” and lack the “friction” of the last gathering of the group.
El-Badri said the current price of oil is “reasonable”.
OPEC needs to produce 30 million barrels a day of crude in 2012, he told journalists today in Riyadh.
The organization is unlikely to discuss national output quotas until June 2012, he said.
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