The oil price of the Organization of the Petroleum Exporting Countries (OPEC) remained nearly unchanged at 77.76 dollars towards the end of the week, the group said Friday.
OPEC's basket price shed 0.04 dollars per barrel (159 litres) on Thursday, DPA reported.
The cartel's 12 oil ministers are scheduled to meet next Wednesday in Vienna to discuss production levels.
OPEC oil price stable at 77.76 dollars
See Also:
- OPEC: World oil demand growth to be weaker than expected due to economic concerns
- IEA revises down forecast on global oil demand
- OPEC downgrades forecast for Kazakhstan's oil production
- OPEC expects Azerbaijan’s oil production at 0.99 mln bpd in 2012
- JP Morgan: Global oil demand growth to be moderate in first half of 2012
