Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Algerian Energy Minister - No Decision Likely At Extraordinary OPEC Meeting In December

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
 
hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 01:14 PM
Original message
Algerian Energy Minister - No Decision Likely At Extraordinary OPEC Meeting In December
ALGIERS, Nov 5 (KUNA) -- Algerian Minister of Energy and Mines Chakib Khelil predicted here Monday that the OPEC would take no decision on the oil market ahead of its extraordinary ministerial meeting in Abu Dhabi on December 5.

He also expected that oil prices would remain at their current level until the second quarter of next year amid forecasts of a drop in international demand for oil by two million barrels per day.

He ascribed his predictions to an increase in demand for oil in the coming months, oil refineries' inability to cover global demand and political factors, chiefly fears over northern Iraqi oil flow suspension, a very cold winter and the US dollar depreciation vis-@-vis other currencies.

The Algerian minister also attributed the recent record levels of oil to a drop in consumers' dwindling oil reserves.

EDIT

http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDe...
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC