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Commodities Briefing - Categorized | Oil, Price Watch more

GCC vows oil price stability

Posted on 11 October 2010

From Gulf-daily-news.com: Gulf oil ministers wound up a joint meeting yesterday by vowing to achieve price stability in the international markets, ahead of an Opec meeting. “The oil market has witnessed many developments that obliged us as major producers to counter more challenges in the way of achieving stability of the oil price and markets,” Kuwait’s Oil Minister Shaikh Ahmad Abdullah Al Sabah said after the meeting in Kuwait.

GCC assistant secretary general Mohammad Al Mazroui said the alliance is co-ordinating its oil policies closely with the “aim to stabilise the international markets.”……………………………………Full Article: Source

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