Tolerance.ca
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

OPEC Shadow Boxes Ahead of Next Oil Supply Curb

What is Saudi Arabia's bottom line for propping up oil prices unilaterally before it leans on the rest of OPEC to help share the burden?   At $112 a barrel for Brent crude, well above OPEC's preferred $100, it may not look like a hot issue just yet.   According to Ali al-Naimi, oil minister for Saudi Arabia, OPEC's biggest producer, the oil market is in “the best situation it can be” and at “the right price.”   That was reflected in Wednesday's...

Read complete article
© Voice of America -


Follow us on ...
Facebook Twitter