Interview with Mark Gay
Published: 24 October, 2008, 13:58
TAGS: Interview
The oil market was already looking for a production cut and there will be less need for oil over the next year or two, says RT's business editor Mark Gay.
OPEC pares production as crude prices slumpThe Organisation of Petroleum Exporting Countries, has decided to cut output by 1.5 million barrels a day as of next month in an attempt to shore up sagging prices. |
OPEC cuts oil production in attempt to halt price slumpThe Organisation of Petroleum Exporting Countries (OPEC) has decided to cut production by 1.5 million barrels a day at a meeting in Vienna. The cut is intended to halt the collapse in crude prices, which has left them more than 50 per cent lower than thei |











