Mon, Jul 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

OPEC set to keep output ceiling after oil price rise

Posted on 08 October 2010

From Reuters: Robust oil prices might induce OPEC to pump more, helping to calm a rising market and limit damage to a fragile economy, but the producer club is unlikely to agree a formal change in output when it meets in Vienna next week.
The 12-member Organization of the Petroleum Exporting Countries has not officially changed production policy since December 2008. It then reacted to a price crash and a recession, which crushed fuel demand, by announcing its deepest ever supply cut……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36151 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031