OPEC's president urged the cartel Wednesday to be vigilant with oil prices hovering above $100 per barrel, but said despite a turbulent world economy, the global market for crude was stable.
"The growing sense of despondency about the future global economic outlook is generating much uncertainty in energy circles," Chakib Khelil said in an opening address to oil ministers gathered in Vienna.
Khelil said, however, that crude stocks were well within their five-year average and the 13-nation group would likely leave unchanged its global output of about 32 million barrels a day.
Khelil cautioned that the Organization of Petroleum Exporting …
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