CNBC/Financial Times: Oil slide could trigger Opec emergency meeting
Members of Opec have discussed holding an emergency meeting if crude continues to slide, according to Nigeria’s oil minister, in a sign of their growing alarm over the impact of a lower oil price on their economies.
The comments by Diezani Alison-Madueke come three months after the cartel’s decision to hold production at 30m barrels a day, even as the oil price has plunged since mid-June.
WNU Editor: No complaints from here on oil price declines. I live in Canada .... and even though it has been a super-cold winter .... I have easily save a few hundred bucks on my heating bill when compared to last year.
More News On Reports That If Oil Prices Continue To Decline OPEC Is Considering An Emergency Meeting
REPORT: OPEC might have an emergency meeting over low oil prices -- Business Insider
Nigeria will call emergency OPEC meeting if oil rout continues -FT -- Reuters
OPEC may call emergency meeting as oil slides again: Financial Times -- Edmonton Journal
Global Oil Glut Continues As US & OPEC Production Grows -- FX Empire
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