OPEC President: $60 'Fair Price' for Oil
While tight markets and global tensions have pushed up prices, the president of
OPEC said Wednesday there's plenty of oil with the global surplus expected to grow at current production levels.
The assessment by Nigerian Oil Minister Edmund Daukoru in an interview with The Associated Press provided an indication that the OPEC producers are likely to pull back on production levels when they meet March 8.
( Full story here )
OPEC said Wednesday there's plenty of oil with the global surplus expected to grow at current production levels.
The assessment by Nigerian Oil Minister Edmund Daukoru in an interview with The Associated Press provided an indication that the OPEC producers are likely to pull back on production levels when they meet March 8.
( Full story here )
posted by Oil Shock at 3/01/2006 06:45:00 PM
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