18.04.2013 - OPEC may cut supply to hold budgets at $99 oil: Apicorp
OPEC will probably cut output if Brent prices keep trading below $100 a barrel because thatís less than what many member countries need to balance their budgets, an inter-governmental Arab energy lender said. Oil prices must average $99 this year for the 12 members of the Organization of Petroleum Exporting Countries to be able to balance their national budgets, said Ali Aissaoui, a senior consultant at the Arab Petroleum Investments Corp., or Apicorp.......................................Full Article: Source
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