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Oman oil minister: OPEC was created to do what is needed today: reduce output

Discussion in 'Market News' started by ForexLive, Feb 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Oman oil minister: - Oil producers in a state of denial - Oman, Mexico, Russia need to help OPEC - Oil supply overhang needs solution - Iran should be exempted from OPEC measures. It needs time to raise production Some of the most hawkish comments from anyone who is actually willing to cut. Unfortunately today's comments from Saudi Arabia were unequivocal in an unwillingness to slow the pumps.

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