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IEA, no to oil cut
- Saudi Arabia: Thursday, December 07 - 2006 at 07:47
Opec should not make further cuts to oil production when it meets on December 14 but should wait until it has analysed winter demand data at the end of January, according to Claude Mandil, the Executive Director of the International Energy Agency and cited by Reuters. Mandil said any cut this month would be 'unfortunate'. But many Opec members feel another cut is necessary as the market remains oversupplied.
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Jonathan Sheikh-Miller, Deputy EditorThursday, December 07 - 2006 at 07:47 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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