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Commodities Briefing - Categorized | Oil, Regulatory more

Non-OPEC nations urged to cut production

Posted on 22 October 2008

From Financialpost.com: Non-OPEC oil producers like Russia, Norway and Mexico should contribute production cuts to help stabilise sagging prices, OPEC President Chakib Khelil said.

Mr. Khelil, who is also Algerian Energy and Mines Minister, added in an interview with Algerian state radio that if oil prices fell below US$70 a barrel many oil projects internationally “will be delayed or die.”…. Full Article: Source


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