28.11.2011 - Iran official: OPEC to take up demand drop in 2012 |
The next meeting of the Organization of Petroleum Exporting Countries due Dec. 14 is set to look into an expected drop in oil demand early next year, a top Iranian oil official said Saturday. Muhammad Ali Khatibi, Iran's OPEC governor, told Dow Jones, "In the second quarter of 2012, demand will be lower; it is seasonal demand." "Usually, ministers look at it [demand] and decide what the ceiling should be," he added..............................................Full Article: Source |