Скачать или смотреть Arrivals of oil ministers at OPEC meeting in Vienna

(8 Sep 2009)
1. Wide of OPEC (Organisation of Petroleum Exporting Countries) headquarters
2. OPEC sign
3. OPEC flag flying
4. Exterior of OPEC headquarter
5. SOUNDBITE: (English) Jose Botelho de Vasconcelos, Angolan minister for oil and OPEC's current president:
Responding to question on what to expect at the conference
(Portuguese) "Wait for around 24 hours and you will learn the results at the conference."
Q (English): "What is your analysis of the market? Is the market better?"
(English): "Yes, I think so, but there is some, some volatility in the market."
6. Wide exterior of Hotel Intercontinental where the OPEC meeting is taking place
7. Wide of limousine arriving at hotel
8. SOUNDBITE: (English) Chabib Khelil, Algeria's Minister for Oil:
"I think we're going to stay where we are, about where we are, there will be lots of volatility, because of the uncertainty that is tied to, you know, the economy. We are going to see ups and downs, but we are going to stay in that level until probably early next year and by early next year we should see the prices rising."
9. Cutaway of media
10. SOUNDBITE: (English) Abdullah bin Hamad Al Attiyah, Minister for Oil, Quatar:
"I don't think now is the time to cut production."
Q: "Why not?"
"We think, you know, the world economy, as we said there is an uncertainty, you know, so we don't want to damage the world economy more and more. We have to be very careful about, you know, the world economy and to push the world economy, you know, for the normal growth. But still, we are not sure what will come. And the winter is coming, so, you know, we need time to see what's coming next two months."
11. Media scrum
12. Al Attiyah entering lobby of SAS Hilton hotel
13. Wide of Al Attiyah walking through hotel lobby
STORYLINE:
Leaders of the OPEC (Organisation of Petroleum Exporting Countries) appeared ready to focus on the old problem of member compliance with production limits at its meeting to commence in Vienna on Wednesday.
Oil ministers mostly said they were happy with oil prices - a clear suggestion they wouldn't cut output.
That could send oil prices lower as traders expect OPEC members to increasingly exceed the group's official production quotas.
Speaking ahead of the meeting on Tuesday Abdullah bin Hamad Al Attiyah, Qatar's Minister for Oil, said "I do not think now is the time to cut production."
Jose Botelho de Vasconcelos, Angolan minister for oil and OPEC's current president admitted to media on Tuesday that there was "some volatility in the market."
Algeria's Oil Minister Chabib Khelil reiterated that sentiment, saying that he believed "we're going to stay where we are."
"We are going to see ups and downs, but we are going to stay in that level until probably early next year and by early next year we should see the prices rising."
The problem of member compliance with production limits is an old one for the OPEC, but oil ministers from the 12-member countries face vastly different circumstances than they did late last year, when they announced a record 4.2 million (m) barrel per day production cut from September 2008 levels.
In their favour are crude prices of nearly 70 US Dollars per barrel, roughly double their level at the start of the year.
In addition, the global economic meltdown that had destroyed crude demand and deprived the oil producing bloc of its key export revenue source is showing signs of abating.
But the group also faces some stiff challenges.
The group is finding little in the way of cooperation from Russia, the top non-OPEC producer.
There are also political challenges.

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