Sun, Feb 1, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Regulatory more

Iran says OPEC could make further cuts

Posted on 27 October 2008

From Rthk.org.hk: Iran, the number two oil producer in OPEC, says the cartel is likely to cut back further on production if the latest reduction does not stabilise crude prices.

The Organisation of Petroleum Exporting Countries, which produces 40 percent of world crude, decided Friday to reduce its production quota by 1.5 million barrels per day as of November to a level of 27.3 million bpd. Despite the announcement, the price of Brent North Sea crude sank to $US61, the lowest point for 17 months….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
February 2015
S M T W T F S
« Jan    
1234567
891011121314
15161718192021
22232425262728