The Arab country’s Energy minister Khaled Al Faleh made the statement on the same day that USA president Donald Trump criticized the OPEC for driving prices up.
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The announcement was made by the country’s Petroleum minister, Tarek El Molla. In Algeria, Sonatrach announced that it plans to double its output.
IMF forecasts a world growth of 3.9% in 2018 and 2019. Recovery in commodity prices will help developing countries.
Exports from Brazil reached USD 5.244 billion and imports amounted to USD 3.415 billion in the second week of April. Foreign sales of basic goods soared by 47%.
The Abu Dhabi National Oil Company (ADNOC) is offering for competitive bidding six oil and gas production and exploration concessions.

