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Commodities Briefing - Categorized | Oil, Regulatory more

Downdraft may slash world oil production

Posted on 30 October 2008

From Presstv.ir: OPEC has plans to further reduce oil output if its production cut announced last week fails to push crude prices toward recovery.

“We will have to wait and see how the market will react … [but] if this problem continues then we will have another cut,” said Abdalla Salem El-Badri, the secretary general of the Organization of Petroleum Exporting Countries (OPEC), on Tuesday….. Full Article: Source


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