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Commodities Briefing - Categorized | Market Pulse, Oil more

Algeria oil minister says no need for OPEC emergency meeting

Posted on 10 March 2011

From Bloomberg: There is no need for OPEC to hold an emergency meeting right now because there is no shortage of crude supplies in the market, said Youcef Yousfi, Algeria’s Minister of Energy and Mines.
Oil fell from the highest level since September 2008 yesterday after Kuwaiti Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said that OPEC members are discussing whether to hold an “urgent meeting.”………………………………………Full Article: Source


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