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Commodities Briefing - Categorized | Oil, Regulatory more

OPEC ‘seeking not to worsen global recession’

Posted on 26 March 2009

From Mmorning.com: The 12-state Organization of Petroleum Exporting Countries (OPEC), which pumps 40 percent of world oil supplies, opted to refrain from cutting output quotas at a regular meeting in Vienna over the weekend.
Instead, OPEC chose to delay any decision and called an extraordinary meeting for May 28, when ministers will reconvene in the Austrian capital to assess the market situation…….Full Article: Source


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