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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC emergency meet on oil prices not needed: UAE

Posted on 26 June 2013

United Arab Emirates Energy Minister Suhail al-Mazrouei said Tuesday that there was no need for an emergency conference of OPEC members to discuss the status of oil prices which he described as “fair and acceptable”.
“The current fluctuations in oil prices are normal. The price is fair and acceptable to producers and consumers and does not impact the level of investments needed by the oil industry in producing nations,” Mazrouei said in remarks to official news agency WAM………………………………………..Full Article: Source


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