Middle East Economic Survey
VOL. LII
No 8
23-Feb-2009
OPEC/OIL PRICES
OPEC More Likely To Cut Output Further If Prices Fall Below $40/B, Says Khelil
OPEC will be more likely to cut its production again if crude oil prices fall below $40/B, Algerian Minister of Petroleum and Mines Chakib Khelil said on 17 February. Speaking to reporters prior to attending the US-Algeria Energy Forum in Washington, Dr Khelil said there was a 50% chance that OPEC would decide to make a further reduction in its current...
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