OPEC Denies WSJ Report on Organization’s Strategy
Lesson Brief
Al Sharq Al Awsat
On May 12, Al Sharq Al Awsat reported on OPEC's denial of a recent report published by the Wall Street Journal claiming that two of the paper's journalists saw with their own eyes a recent strategic report compiled by the organization. OPEC quickly denied the report, which claimed that the organization was predicting lower oil prices, prices that would reach USD 76 per barrel by 2025 based on the most optimistic estimates and that the organization was flirting with the idea of returning to a quota system. OPEC said the latter idea had not been discussed at recent meetings and that the actual estimate for barrel prices was USD 100.
Click and Match
- (not) at all
- على الإطلاق
- quota system
- نظام الحصص
- board of governors
- مجلس المحافظين
- optimistic
- متفائل
- restriction, lessening, cutting
- تقلص
- to ascribe to
- عَزا ، يَعْزو الى
- above the level of demand
- فوق مستوى الطلب
- to touch upon, to discuss
- تَطَرَّقَ ، يَتَطَرَّقُ إلى
- recommendations
- توصيات
- to put pressure on
- ضَغَطَ ، يَضْغَطُ على