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Commodities Briefing - Categorized | Market Pulse, Oil more

OPEC should produce more crude oil : IEA official

Posted on 21 October 2011

OPEC should raise its crude oil output in the next quarters, says David Fyfe of the International Energy Agency (IEA). “We think there’s a market in the fourth quarter and 2012 for a little more than what OPEC is producing”, he said while addressing reporters on the last day of the IEA meeting.
The next OPEC meeting is scheduled to be held on December 14 and David refused to say whether he expected the members to decide on raising quotas at the meeting……………………………………….Full Article: Source


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