Oil tumbles as OPEC decides not to cut oil output

Oil tumbles as OPEC decides not to cut oil output
Reuters
Published Thursday, Nov. 27 2014, 7:58 AM EST
Last updated Thursday, Nov. 27 2014, 10:08 AM EST
Saudi Oil Minister Ali al-Naimi told reporters on Thursday that OPEC will not cut its oil output.“That is right,” Naimi told reporters in response to a question on whether OPEC had decided not to cut oil supplies.
He was speaking after a five hour meeting of the producer group broke up.

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on November 27, 2014, in oil. Bookmark the permalink. Leave a comment.

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