MOSCOW, January 13 (Sputnik) — The Organization of the Petroleum Exporting Countries (OPEC) cannot continue to be perceived as the only entity responsible for global oil prices, the United Arab Emirate’s Minister of Energy Suhail Mazrouei said Tuesday.
«(OPEC) cannot continue protecting a certain price. That is not the only aim of OPEC," Mazrouei was quoted as saying by the Wall Street Journal. «We are concerned about the balance of the market but we cannot be the only party that is responsible to balance the market."
On Tuesday, the price of the West Texas Intermediate (WTI) oil, the US benchmark, and Brent crude oil, the global benchmark, hit their lowest point since April 2009.
On Monday, the US bank Goldman Sachs published its 2015 oil forecast. According to the bank, the Brent price could fall to $43 per barrel over the next six months and the WTI price decline to $39 per barrel.