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Commodities Briefing - Categorized | Oil, Trading more

Is OPEC planning to curb oil production?

Posted on 30 November 2011

OPEC has been divided on the issue of cutting down oil production. But with members increasingly voicing that output be curbed, the possibility of a cutdown in production cannot be ruled out.
Venezuela repeated its call for output cuts with oil minister Rafael Ramirez saying “There were a group of OPEC countries who unilaterally raised their production, so we are not going to talk about any change in production until everyone returns to the levels of production last agreed”……………………………………….Full Article: Source

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