OPEC starts talking about $70 a barrel

At a meeting in May, several oil ministers from OPEC countries spoke positively of a $50 oil price. This, however, is unlikely to happen at the upcoming cartel meeting. With rising raw materials in recent weeks, the "fair price" for oil will probably rise for the cartel countries.
The Brent, which has been rising since June, has already breached the psychological level of $ 60 a barrel for the first time since July 2015.
According to OPEC, the fair price for oil is almost always slightly above the current price. So by crossing the $ 60 limit, no wonder this fair price would be $ 70 a barrel.
At the end of October, the Qatari energy minister said oil is moving in the right direction, even in a pricing environment of about $ 60. According to Venezuela, the "fair price" of oil is $ 70 a barrel, while according to Iraq these are between 70 and 80 dollars per barrel.
From Russia, however, they are already showing signs of anxiety over the too rapid and sharp rise in oil prices. According to them, levels of 60 dollars would be justified and a good reward for the production cuts in which Russia is also involved.