LONDON (AFX) – OPEC secretary general Ali Rodriguez said the cartel will not be intervening to bring oil prices down, as the recent price surge is a result of political tensions in the Middle East, not an imbalance in supply and demand. Prices have been hovering above US$27 a barrel for the last couple of…
MARKET: OPEC says won’t intervene to cut oil price as rise not due to fundamentals
Posted on April 8, 2002 by EnergyAsia