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Iraq’s Shahristani says sees no need for OPEC cut

Posted on 25 October 2011

Iraq’s deputy prime minister for energy, Hussain al-Shahristani, said on Monday current oil prices are acceptable for both consumers and producers and that he saw no need for OPEC to cut production at its next meeting.

“Current prices are acceptable for both consumers and producers, and we do not see any impact of the Europe debt crisis on global oil prices,” Shahristani said………………………………………Full Article: Source


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