Secretary General of OPEC: oil production will slow

Secretary-General of the Organization of the oil producing countries, "OPEC," said the Production of oil will fall in the future and expected slowdown in 2018-2020.

Abdullah al-Badri said on Wednesday that the organization is preparing to produce 40 million barrels per day of crude in 2020 with the arbitrator oil slowing.

Badri's comments came after he said Kuwaiti Oil Minister Ali Al-Omair, on Monday, he hopes to stabilize world oil prices "at the level of the benefit of producers and importers."

For his part,
Algerian Finance Minister Mohammad Gulab, on Tuesday, that the decline in oil prices sends a warning signal to Algeria, a member of OPEC, but will not have an immediate negative impact on the country's budget.