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Commodities Briefing - Categorized | Energy, Oil, Price Watch more

Opec oil cut could push up petrol and energy prices

Posted on 18 December 2008

From Telegraph: Drivers and gas customers have been warned that they could face higher prices in the New Year, after the oil cartel Opec announced a record cut in production.

The Organization of Petroleum Exporting Countries said it would cut production by 2 million barrels a day at the beginning of next year in an attempt to halt the sliding price of oil, which has fallen by nearly two-thirds in the last year….. Full Article: Source


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VRS - who has written 36199 posts on Opalesque Commodities Briefing.


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