Bloomberg News

OPEC Meeting in December Will Be ‘Comfortable’, Badri Says

November 27, 2011

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.

To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


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