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OPEC warns of more production cuts if oil prices continue to fall

Posted on 29 October 2008

From Theaustralian.news.com.au: The head of the OPEC oil producers cartel warned overnight that it could cut output again if prices keep falling, despite an emergency cut in output last week.

OPEC, which produces 40 per cent of the world’s crude, could hold a new emergency meeting before its next scheduled session in December, the Organization of Petroleum Exporting Countries (OPEC) Secretary General Abdalla Salem El-Badri said….. Full Article: Source


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