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09 January 2009 The on-line newspaper devoted to the world of transports 09:24 GMT+1



February 25, 2004

OPEC remains concerned at falling oil price

Fitri Wulandari, The Jakarta Post, Jakarta

The Organization of Petroleum Exporting Countries (OPEC) remains concerned at the likelihood of a declining oil price in the second quarter of this year when demand for heating fuel falls off.

OPEC President Purnomo Yusgiantoro said demand for the fuel was expected to drop by 2.2 million barrels per day (bpd) to 2.4 million bpd.

"If (the oil price drop) materializes, we shall take measures to keep the price at US$22 to $28 at the end of March," ......
Read more on The Jakarta Post





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