OPEC Rodriguez: No oil cuts if basket stay at $25

Published February 26th, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

Ali Rodriguez OPEC's Secretary General said on local newspapers reporters on Sunday that the group won't cut its oil production next month if prices stay around current levels. 

 

"If we see the price (of the OPEC basket) continues to hover around $25 a barrel (bbl) ... if the average of the basket is maintained, there wouldn't be any additional cuts at the March meeting and only an extraordinary ministers meeting will be called," Ali Rodriguez told Venezuela's locals papers El Nacional and El Universal.  

(petroleumworld)  

© 2001 Mena Report (www.menareport.com)

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