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

Iran says OPEC determination needed over oil price

Posted on 05 January 2009

From Reuters: Iran’s oil minister said OPEC member states needed to show determination to prevent oil prices from falling further, the Islamic Republic of Iran Broadcasting (IRIB) website reported.

The Organization of the Petroleum Exporting Countries agreed in Algeria last month to reduce output by a further 2.2 million barrels per day from Jan. 1, bringing total cuts by the group from its September 2008 production levels to 4.2 million bpd……Full Article: Source


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