$80/b oil no harm to global economy: OPEC; Producers' group says no need for further output cut

摘要

Vienna-Oil at $80/barrel will not harm the global economy, OPEC's president and secretary general said June 23 after talks with senior European Union officials in Vienna. OPEC's Angolan president, Jose Maria Botelho de Vasconcelos, said he believed oil prices could rise to $80/b without harming the global economy while sustaining upstream oil investments.