| From Indiatimes.com: A global grouping of crude producers, consumers and businesses on Monday claimed to have developed a plan to tackle volatility in the world oil market, even as anxieties over Eurozone sovereign debt problem and tension between the US and Iran emerge as fresh threats to price stability.
The International Energy Agency, which tracks oil consumption in major economies, oil producers' cartel Opec and International Energy Forum, a common platform for producers and consumers, have joined hands to draw this plan. Though details of this plan were sketchy, sources said it was based on ensuring "more transparency" in the market...................................Full Article: Source
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