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Urgent : An Economist describes OPEC’s decision to increase oil production as strange and misplaced

BAGHDAD, Economist Dhargham Mohammed Ali described the decision of the OPEC to increase production as "unjustifiably and strange" as the market does not give signs of a lack of oil supplies, the official said on Wednesday.

"Ali said in a statement that the consumer countries are supposed to diagnose and complain about the shortage of oil supplies and not the producing countries, which have not yet reached the target price level set by the producing countries between 80 and 90 dollars," Ali said in a statement to the National Iraqi News Agency (NINA) .

Source: National Iraqi News Agency