| Global oil supply is sufficient and the Organization of Petroleum Exporting Countries will study the recent decline in crude prices to keep the market balanced, according to Algeria’s energy minister.
The economic slowdown in Europe because of the debt crisis may curb oil demand, and OPEC will address the situation at a meeting next week in Vienna, said Youcef Yousfi, Algeria’s Minister of Energy and Mines. The 12-member group pumps about 40 percent of the world’s crude..............................................Full Article: Source
|