There is no “immediate solution” to high oil prices, Bruno Jean-Richard Itoua, president of the Organization of the Petroleum Exporting Countries (OPEC), said on Wednesday. The oil-producing countries’ capacity to increase crude supply is curtailed by a lack of investment in the industry, said Itoua, who is also Congo’s minister of hydrocarbons. Itoua was addressing …
The post OPEC head sees “no immediate solution” to high oil prices first appeared on Hellenic Shipping News Worldwide.
Autho...
https://www.hellenicshippingnews.com/opec-head-sees-no-immediate-solution-to-high-oil-prices/