Oil prices will stabilize in 2016, predicts the head of OPEC

Almaty. July 30. Silkroadnews - OPEC expects oil prices to stabilize in 2016, says Secretary General of the organization Abdullah al-Badri in the energy dialogue "Russia - OPEC".
The price of oil "basket" of OPEC crudes on Wednesday, July 29, rose from $0.28 to $50.82 per barrel against $50.54 in the previous trading day.
The current average price of a barrel of OPEC oil in July was $54.49, in 2015 - $55.03.
The price of "basket" of OPEC oil is determined as the average price of the following varieties of oil producing countries cartel: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait) , Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).