17.03.2009 - OPEC could act if oil very low in May
From Arabianbusiness.com: OPEC oil producers may be forced to take a "drastic decision" when they meet again in May if oil prices are still very low, OPEC Secretary-General Abdullah Al Badri said on Monday. Badri told Reuters Financial Television in an interview that oil prices, now trading between $40 and $50 per barrel, were well below the level needed by the oil industry to allow vital investment..... Full Article: Source