Showing posts with label Low Oil Prices; Organization of the Petroleum Exporting Countries. Show all posts
Showing posts with label Low Oil Prices; Organization of the Petroleum Exporting Countries. Show all posts

Monday, February 15, 2016

OPEC Members Now Keen To End Oil Glut, Says Kachikwu

Crude prices tumbled 70% since mid-2014 due to overproduction

The mood inside the Organization of the Petroleum Exporting Countries (OPEC) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Minister of State for Petroleum Resources Ibe Kachikwu has said.