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Commodities Briefing - Categorized | Oil, Price Watch more

Oil market stable, prices steady, say OPEC members

Posted on 11 November 2013

The oil market is stable and prices are steady, two oil ministers said on Sunday, weeks ahead of an Organisation of the Petroleum Exporting Countries (OPEC) meeting to decide whether the group needs to adjust its output target.
“I think no, now the market is stable,” Angola’s oil minister Jose Botelho de Vasconcelos told Reuters in Abu Dhabi, when asked if OPEC needs to change its oil policy when the group meets next on December 4 in Vienna. “The market is stable and the price is stable too,” Iraq’s oil minister Abdul Kareem Luaibi told Reuters………………………………………..Full Article: Source


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