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Commodities Briefing - Categorized | Market Pulse, Oil more

Oil market stable, prices steady, say two OPEC members

Posted on 12 November 2013

OPEC expects global demand for its crude to fall in the next five years because of increasing supplies outside the 12-member group. The oil market is stable and prices are steady, two oil ministers said on Sunday, weeks ahead of an 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………………………………………..Full Article: Source


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