OPEC: Oil Production Cuts Unlikely
Crude oil prices are heading down toward $71 a barrel this morning and one official from the Organization of the Petroleum Exporting Countries hints there is no need for a production cut.
Kuwait's oil official says an output cut at next month's meeting is unlikely and that ministers from the 12-member OPEC will focus on compliance with current output quotas.
Saudi Arabia has said $75 a barrel is a fair price for both consumers and producers - a level that would allow for continued investments without undercutting an economic recovery.
About this story
Related Keywords: Organizations (Oil), Oil, Clean Skies News, Clean Skies News, Kuwait, oil, OPEC, Organization of the Petroleum Exporting Countries, quotas, Saudi Arabia
Source:
Clean Skies News
Now on Clean Skies
Top Stories
CS Sunday: Water Power and Green Police
28:27 | 09/05/10
Cop Cars Go Green
02:53 | 09/09/10
Iceland is Rich with Renewables
07:11 | 09/09/10Related Items
KGL May Debut on Earth Day
The three co-authors of Senate climate legislation believe they have found a fitting day to release their bill: The 40th anniversary of Earth Day, April 22
- 03/29/10
BP, ConocoPhillips, Caterpillar Leave USCAP
The three major companies are leaving the U.S. Climate Action Partnernship, citing the ability to pursue climate goals more effectively as individual corporations.
- 02/17/10
IEA Meeting to Address Speculation
The International Energy Agency is bringing together oil producers, market regulators, and bankers next month to try to figure ways to limit speculation-driven volatility in oil markets.
- 01/27/10
IEA Says Oil Demand Dropping
Experts point to weakened economy, energy conservation efforts as reasons for reduction.
- 11/04/09
Very informative and
Very informative and trustworthy blog. Please keep updating with great posts like this one ， m2ts converter ， flv to wmv converter. Hulu Downloader
i think that maybe
i think that maybe