30.12.2008 - Opec’s dilemma: sticky supply, slippery demand
From Livemint.com: The problem is that few believe Opec will follow through on its cuts, although the cartel claims it has already cut 1.7mbpd of the initial 2 million it pledged in September. Saudi Arabia, the most influential member of the Organization of the Petroleum Exporting Countries (Opec), is targeting an oil price of $75 a barrel. It’s not likely to reach that goal in 2009..... Full Article: Source