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Opec to wait on cuts
- Tuesday, January 16 - 2007 at 15:42
Opec will assess the affect its 1.7m supply cuts have on prices before deciding whether to make further reductions; but the market is still substantially over supplied, according to Nigeria's oil minister Edmund Daukoru, quoted in The Financial Express. Oil prices have fallen around 15% this year, but Daukoru said an emergency meeting before a scheduled one in March is unlikely.
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James McInerney, News EditorTuesday, January 16 - 2007 at 15:42 UAE local time (GMT+4)
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This article was updated on Tue Feb 13 2007.
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