(EnergyAsia, October 31) — With crude prices losing nearly $20 per barrel from their August highs, OPEC felt compelled to recently annoucce a 1.2 million b/d cut in production after completing their meeting in Qatar. However, this decision did not come without much infighting between those countries producing beyond their quotas, and those below. …
MARKETS: Consultant asks if OPEC really needs to cut output
Posted on October 31, 2006 by EnergyAsia