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OPEC may boost oil output in Dec, says president
- Middle East: Tuesday, October 27 - 2009 at 10:25
OPEC may boost production targets in December as crude futures have rallied 80% this year, the group's president said in an interview with Bloomberg. 'We have always defended a position of equilibrium," Jose Maria Botelho de Vasconcelos, who is also Angola's oil minister, told the news service. 'Some countries are available to pump more oil into the market and if it comes to be necessary to pump more oil into the market this will be done.' OPEC will meet Dec 22 in Luanda, Angola, to review production quotas that it has left unchanged at three gatherings in 2009.
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StaffTuesday, October 27 - 2009 at 10:25 UAE local time (GMT+4)
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