OPEC

OPEC President Welcomes Reversal of Fortunes in Energy Market 

The current President of OPEC, Alhaji Rilwanu Lukman, has welcomed the recent "reversal in the fortunes of the energy market" as being the direct result of the OPEC agreement on production quotas in Geneva last month. In a statement marking the 26th anniversary of the founding of OPEC, he said that, without this action by OPEC, crude oil prices would now probably be below $10/B.

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