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Sunday, November 22 - 2009

OPEC will not boost production, says official

  • Middle East: Wednesday, November 11 - 2009 at 09:40

Hasan Qabazard, OPEC's head of research, has said the group will not need to increase oil production levels when it meets next month in Angola, as stockpiles are 'very high', Bloomberg has reported. 'I don't see that production should be increased,' he told the news service. 'Stocks are a worry, particularly the product stocks. At current calculations we will go to stock build early next year.'

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