| From Reuters: OPEC will be under less pressure to cut oil production at its next meeting in mid-March if the U.S. crude oil price stabilizes near the current $40-a-barrel level, Algeria's energy minister said on Monday.
Algeria's Chakib Khelil said U.S. oil at $40 a barrel "is a good price for the moment." Speaking to reporters at the John Hopkins School of Advanced International Studies, Khelil said a steep fall in oil prices below $40 will make an OPEC production cut more likely..... Full Article: Source
|