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Commodities Briefing - Categorized | Oil, Regulatory more

OPEC may meet early if oil drops below $40

Posted on 26 January 2009

From Guardian: OPEC could meet before March if Brent crude oil prices fall to below $40 per barrel, the group’s president was cited by Angolan weekly newspaper O Pais as saying.

Although Jose Botelho de Vasconcelos said he only expected the next gathering of the 12-member Organisation of the Petroleum Exporting Countries to take place, as planned, in Vienna on March 15, he added the group could meet sooner if oil prices suddenly dropped….. Full Article: Source


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