LONDON (AFX) – OPEC’s surprise decision last week to cut output quotas raises questions over the credibility of the cartel and represents a slap in the face for oil consuming countries hoping for low oil prices in order to boost economic growth, analysts said. The Organisation of Petroleum Exporting Countries (OPEC) will reduce its output…
MARKETS: Shock OPEC quota cut raises questions over cartel’s credibility
Posted on September 30, 2003 by EnergyAsia