OPEC

Egypt Worried by OPEC Overproduction

Egypt is seriously worried by the glut in the world oil market caused by overproduction by some OPEC member countries, Egyptian Oil Minister Abd El-Hady Candle said on 9 September, adding that Egypt will watch closely for any developments on prices and production quotas that may emerge from the 10 September meetings in Vienna of OPEC's price monitoring and quota discipline committees.

"Egypt views with deep concern the recent increase in...