OPEC AND OIL PRICES
Otaiba Says OPEC Will Take all Steps to Reach $18/B
The UAE Oil Minister, Dr. Mana Saeed al-Otaiba, believes that OPEC will takewhatever steps are necessary including production cuts to reach a price of$18/B at its Geneva conference.
Speaking to the Emirates News Agency on 7 December before flying to Geneva,Dr. Otaiba said that "the conference will adopt all the measuresincluding a production cut if necessary in order to reach a price of at...