FederPetroli Italia accept well the OPEC decision do not to change oil production shares by Organization member countries.
FederPetroli Italia President – Michele Marsiglia had already spoken few weeks ago on matter “between end October and early November was clear the FederPetroli Italia line, for a new stabilization of crude oil prices of most reference was necessary a defense line without change in oil production by OPEC. A cut of OPEC oil production at this time, would have meant to serve on a silver platter the collapse in oil prices in recent months, however, full satisfaction with the decision of Vienna meeting. Now we can concentrate of negotiations and contracts with greater security of oil supply, this also shows that the conflict situations in some countries of the Middle East had no effect on what is the world oil market. OPEC has once again demonstrated that there is no fear against the US Shale Oil and that financial markets will be happy, and not only. This is not a price war, but this is a market share war” close Marsiglia.