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Commodities Briefing - Categorized | Oil, Regulatory more

OPEC likely to debate, not decide another supply cut

Posted on 27 November 2008

From Guardian: OPEC ministers will debate a deep cut in oil supply when they meet this weekend in Cairo for urgent talks aimed at arresting a downward price spiral that sucked oil below $50 a barrel.

They have downplayed the prospect of any decision until a policy-setting meeting in Algeria on Dec. 17, but OPEC needs to send a strong signal of its intention to remove more supply or the risk is oil prices will hurtle lower still….. Full Article: Source


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