Detailed text transcripts for TV channel - DW - 20181222:03:

Detailed text transcripts for TV channel - DW - 20181222:03:04:00

effectiveness as a cartel is diminishing. well earlier we asked spencer welsh oil market analyst at i.h.s. market in london whether opec countries were looking to strike a balance deal or if they were just out to maximize profits they are trying to to to find the right balance they would probably like the price to be somewhere around seventy or eighty dollars per barrel compared with the current price which is fifty three however even just two months ago there was worried that the market was overheating the prices it eighty six people worried it was going to hit one hundred and opec a worried about that one hundred number because then that stimulates competition from from other fuels and actually back in june because of the high price opec released their production constraints because they're worried about the price going too high so there's been an incredible change in the market in just two months or a market analyst spencer well speaking there according paris has slapped a half

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