(EnergyAsia, February 25, Wednesday) — OPEC member countries have delayed developing at least 35 projects to raise oil production in response to current weak market conditions. The cartel’s secretary general Abdullah al-Badri said the recent sharp plunge in oil prices, weakening demand and the global credit crisis have dampened members’ interest in expanding capacity. Oil…
MARKETS: OPEC nations to delay implementation of 35 oil projects
Posted on February 24, 2009 by EnergyAsia