08.06.2012 - Total CEO: OPEC can move to prevent price drop
Total SA's Chairman and Chief Executive Christophe de Margerie said Thursday he expects the Organization of Petroleum Exporting Countries to act to avert a slide in oil prices when oil ministers meet next week in Vienna, underscoring the energy major's concerns about the sharp drop in crude. "OPEC has all the means to prevent (crude) oil prices falling too low," Mr. de Margerie said in an interview with Dow Jones Newswires, on the sidelines of the World Gas Conference in Kuala Lumpur...............................................Full Article: Source
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