Wednesday, May 27, 2009

OPEC Meeting

OPEC oil ministers are meeting in Vienna tomorrow (Thursday May 28, 2009). Ahead of the meeting the Wall Street Journal quoted me:

"OPEC won't cut output as long as crude remains above $60 a barrel, said Morgan Downey...."They've taken more oil off the market than demand has fallen," he said. "It's just a matter of time before we see higher prices."
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