16.02.2009 - Venezuela says OPEC may need further cuts in March
From AP: Venezuela's energy minister says world oil inventories are too high and may require new output cuts from OPEC in March. Minister Rafael Ramirez warns that past cuts have not balanced supply with demand, which continues to fall amid the world economic crisis. In comments published Sunday on the Energy Ministry's Web site, Ramirez said Venezuela is willing to support new cuts when OPEC meets in Vienna March 15..... Full Article: Source
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