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OPEC ducks quota issue amid glut worries

Journal Article · · Oil and Gas Journal; (United States)
OSTI ID:5499573

This paper reports that the Organization of Petroleum Exporting Countries has ducked the question of reestablishing quotas despite the looming prospect of a second quarter oil price slide. OPEC ministers meeting in Vienna late last month approved continuing free-for-all production in the first quarter and ordered the ministerial monitoring committee to tackle the question of second quarter production levels when it meets in Geneva Feb. 12. Oil markets responded to the lack of action by dropping futures prices.

OSTI ID:
5499573
Journal Information:
Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:49; ISSN OIGJA; ISSN 0030-1388
Country of Publication:
United States
Language:
English

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