DHAKA: International Energy Agency chief Maria van der Hoeven said that she expected OPEC nations to decide to keep pumping higher volumes of crude oil when they meet later this week in Vienna.
`What they did, especially the Gulf producers in the past few months, is producing a lot of extra oil, bring it to the market, bringing more liquidity to the market and I think that is is a very intelligent and responsible approach`, van der Hoeven said on the sidelines of a news conference in Paris.
`I can`t imagine that they`re going to stop it`, added van der Hoeven, whose agency is the energy analysis arm of the oil consuming industrialised nations in the Organisation for Economic Cooperation and Development.
The Organisation of Petroleum Exporting Countries (OPEC), whose 12 member nations pump one third of the world`s crude supplies, are to meet on Thursday in the Austrian capital where the cartel is headquartered, reports The Straits Times.
BDST: 00311 HRS, JUN 12, 2012
Edited by Robab Rosan, Cultural Affairs Editor
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