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OPEC says to raise output if oil at $100

26-Oct-2009
 
Story Timeline:  28 days

LUANDA (Reuters) - OPEC ministers will raise output to protect the global economic recovery at a meeting in December if oil prices rise to $100 per barrel, the group's president said on Sunday. Jose Botelho de Vasconcelos, who is also Angola's oil minister, said that both producers and consumers were comfortable with oil prices at between $75 and $80 per barrel and that higher prices could put a brake on the global economy. "I think that... [read full story]                    

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Latest article on this story:

Attiyah: Opec to boost output if supply short

menafn.com 28-Oct-2009
First article on this story:

World Recovery Is in the Hands of OPEC

seekingalpha.com 25-Oct-2009
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