Yamani Warns Prices Could Go Below $15/B

The Saudi Oil Minister, Shaikh Ahmad Zaki Yamani, has warned that unless an agreement on market stabilization is reached between OPEC and the non-OPEC producers, the current slide in oil prices could continue to under $15/B.

In a statement to OPECNA on 23 January - the day after reports that Norwegian Oil Minister Kaare Kristiansen had appeared to indicate that his country might be willing to cut its oil production as part of a coordinated...