Angola - Official Points Out Factors of Oil Prices Fall

Luanda — The imbalance between demand and supply of crude oil, driven by the increase of the world production with strong contribution of the US shale oil, was pointed out on Tuesday by the National Director of External Marketing of the Ministry of Petroleum, Manuel Albino Ferreira, as one of the factors of the low prices at the international market.

Manuel Albino Ferreira was speaking at a lecture on "The oil price behavior at the international market: perusals and consequences", mentioned the keeping of OPEC production levels and indecision about who will take the first step in the production cut are also among the factors of decreasing of the oil price.

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