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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC ready to help if there is oil shortage, crisis -Secy Genl

Posted on 09 December 2011

The Organization of Petroleum Exporting Countries is ready to help in case of a shortage or crisis in the global oil market and the Paris-based International Energy Agency, or IEA, has the sovereign right to release emergency crude stocks if needed, the cartel’s secretary general said Wednesday.
Abdallah Salem El Badri, at a conference in Doha, said this year had been a difficult year for the oil producing group but it remained committed to help “if there is a shortage, or a catastrophe somewhere.”……………………………………….Full Article: Source


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