30.03.2009 - Opec opts for moderate prices for now
From Zawya.com: Opec ruled out a fourth output cut at its meeting early this month because it does not want to trigger a sharp rise in prices that would further damage global oil demand, a key energy research centre said yesterday. Instead, the world's oil superpower Saudi Arabia and other key members of the 12-nation Organisation of Petroleum Exporting Countries stressed the need for compliance with recent decisions on output reduction to prevent a further slide crude prices, the London-based Centre for Global Energy Studies (CGES) said in its monthly market report.....Full Article: Source