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Commodities Briefing - Categorized | Oil, Regulatory more

Iran: Coordination with non-OPEC oil states needed

Posted on 09 March 2009

From IHT: Iran wants non-OPEC oil producers to coordinate with the group amid a global economic meltdown that has left oil prices about 70 percent below mid-July highs of $147 per barrel.

The official IRNA news agency on Sunday quoted Gholam Hossein Nozari as saying Organization of Petroleum Exporting Countries members have “almost” completely complied with earlier cuts totaling 4.2 million barrel per day to try to balance the oil market….. Full Article: Source


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