Crude Price Jittery As MarketAwaits OPEC/Non-OPEC Cuts Confirmation
The crude market was jittery lastweek, with no firm production trimming agreement emerging. Russia, Norway,Mexico and Oman have all promised production/export cuts in response to OPECsoffer to trim output by 1.5mn b/d from 1 January if non-OPEC producers cut500,000 b/d simultaneously. This uncertainty caused a fall in crude prices,although there was a brief reversal of the fall midweek as...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!