CAIRO (AFX-ASIA) – OPEC will activate a mechanism to keep oil prices within the cartel’s US$22-28 a barrel target band if prices continue to stay higher on world markets, Saudi Oil Minister Ali al-Nuaimi said. “We are committed to a fair price,” the minister told journalists on the sidelines of an Arab oil ministers’ meeting…
MARKETS: OPEC to take steps to keep oil prices in US$22-28 band if prices stay high
Posted on December 27, 2002 by EnergyAsia