"OPEC" warns of the continuing surplus in oil production

Vienna (Ina) - The Organization of Petroleum Exporting Countries "OPEC" on Wednesday warned (April 13, 2016) from continuing surplus in oil production, and that the days of an important meeting in Doha Sunday between members of the OECD countries and abroad before to discuss ways to freeze production to improve prices . the 
organization said in its report for the month of April / May , oil prices have risen by more than 20 percent, in March / March, continuing its recovery slow after the collapse of prices between 2014 and 2015. 
he continued that " the positive sentiment in the market is on the rise since the start of the most important oil - exporting countries crude considering a plan to freeze production ", in addition to thedecline in production in the United States and other countries. 
However, OPEC warned that the " surplus production continuously and inventories are still high , "and quoted as saying by Agence France - Presse