Tuesday, January 30, 2007

OPEC must comply with agreed oil supply cut - Nigeria

OPEC oil exporters agree the group should fully implement agreed cuts in supply rather than announce new measures to shore up the price, Nigerian Energy Minister Edmund Daukoru said Tuesday.

A second cut in OPEC oil supply quotas is due to take effect on February 1 and the 12-member group should see how the market responds to that before taking any further action, Daukoru said

Read Full Article at Reuters South Africa

No comments: