| 03.12.2008 - OPEC president calls for reduction of world oil stocks |
| From Petroleumworld.com: OPEC president Chakib Khelil said Tuesday the level of global oil inventories should be reduced by four days to stabilise the price of crude. Khelil, who is Algeria's energy minister, said the forward demand cover for oil should be lowered from 56 days to 52 days, the average over the past five years. The reduction would have to be done progressively, he added..... Full Article: Source |