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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC supply should reflect call on OPEC oil

Posted on 16 November 2011

OPEC crude supply should reflect the level of expected demand for the group’s oil, which is currently more than 30 million b/d, a senior Gulf source said Tuesday.

“I think OPEC supply should reflect the call on OPEC oil,” the source said when asked about expectations for action by OPEC ministers when they meet in Vienna on December 14. Asked to give a figure, he said: “What we are producing now, 30 million b/d-plus.”…………………………………….Full Article: Source


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