International Energy Agency (IEA) chief economist Fatih Birol Friday (Dec. 10) that crude oil prices remain at current levels would pose a risk to global economic recovery.
Birol interview, said the current oil price at 80 U.S. dollars / barrel range high, which oil producers is not a good news.
Birol noted that the total European crude oil imports increased by 65 billion U.S. dollars last year, equivalent to the current budget deficit of Greece and Portugal combined.
Petroleum Exporting Countries (OPEC) in its monthly report, the basic needs to maintain its growth in 2011 is expected to remain unchanged.
In addition, OPEC will hold a meeting on Saturday, the market expected OPEC to maintain output of this meeting will share the same. (Language Hong)