 "In order to preserve the level of prices, it is necessary for the non-OPEC oil producers to support OPEC's moves at self-restraint," - Iran's OPEC governor, Hossein Kazempour Ardebili was quoted as saying Thursday in reference to a possible OPEC cut, but also pressing the non-OPEC producers to follow suit "OPEC will announce formally in the next few days a reduction of one million barrels per day from its actual production in order to remove supply surplus to global demand, either by issuing a formal statement or by holding an emergency meeting during the current month of October," - Attiyah said. Copyright © 2005 - Platts Please visit: www.platts.com Their coverage of energy matters is extensive!!. |