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OPEC’s Badri Says Hopes For Oil Price Revival By End H2 2015

OPEC’s Badri Says Hopes For Oil Price Revival By End H2 2015

Badri said that it is hard to tell the impact of low oil prices on the market yet.

OPEC Secretary-General Abdullah al-Badri told Reuters on Sunday he hoped to see a recovery in the price of oil by the end of the second half of 2015.

“We hope the price would rebound by the end of the second half of 2015,” he said. “We can’t see the market now, we have to wait until the end of the second half of 2015 to see how the market react to these low prices.”

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