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Sunday, December 14, 2008
OPEC TO CUT SUPPLIES: GET READY FOR HIGHER PRICES AT THE PUMP
"Ministers of the Organisation of the Petroleum Exporting Countries are expected to announce an output cut at the Algeria talks to shore up prices that have plunged about $100 a barrel since a July peak. On Friday oil was trading around $46 a barrel.
"Iran's proposal for this week's OPEC meeting in Algeria will be a reduction of between 1.5 million and 2 million bpd," IRNA reported its oil minister, Gholamhossein Nozari,..."
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OPEC,
PRICE OF GAS
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