DAVOS, Switzerland: The shock decision by OPEC to maintain production levels despite plummeting oil prices was based purely on economic considerations and not directed at any particular country, the cartel’s secretary-general Abdullah El-Badri said on Wednesday (Thursday in Manila).
“It’s not directed at the United States or tight oil. It’s not directed to Russia . . . It is a pure economic decision by our ministers and we supported it,” El-Badri told a panel audience at the Davos ski resort.
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