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00:00:00
the opec oil cartel police to keep pumping group is expected to stick to existing output levels of friday's meeting in vienna that's despite a global oil glitz and warnings of another lurch mowing prices christiansen is royce's energy edison answer the saudi oil minister ali on the i mean when since the epic ministerial meeting this morning he said said that the market was a free market and that everyone was set free to do whatever they , a tease reinforcing , uh the existing policy , oil is risen by more than a third since he , see below forty five dollars a barrel in january , officials see little reason to tinker with the strategy , is resurrected growth in world oil because , but the country's oil minister is unlikely to pick a fight right now , well ideally around once an accommodation from the other opec members at once %HESITATION countries to say yeah , you'll sanctions have been lifted that lifted and you can produce more and we will have make way for you in reality %HESITATION suffice for market share sort iran will have to probably negotiates %HESITATION %HESITATION for some extra space from other apec members and then i'll have to go out and it'll have to to %HESITATION find buyers probably at cheaper prices rolling out of its current output ceiling will renew opec support for the shop market treatment it doled out late last year , saudi arabia the world's top supplier said it would no longer cut output to keep prices high