Wed, Apr 16, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Trends more

Pressure mounts within OPEC to comply with ceiling

Posted on 21 November 2012

Voices urging the Organization of Petroleum Exporting Countries to comply with its production ceiling are growing louder within the group as price fears mount, with some delegates from both sides of the Persian Gulf concurring OPEC should act against oversupply.
In a rare display of agreement, three OPEC delegates–from Iran and Gulf Arab countries–said the group should deal with excess amounts of oil in the market when it meets next month. “OPEC is producing at least 500,000 barrels a day more than needed so it would actually need to respect its ceiling, not increase it,” one delegate from the region said………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 34604 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930