Friday, March 27, 2015

Energy Quote of the Day: ‘We Refuse that OPEC Bears the Responsibility’

Energy Quote of the Day: ‘We Refuse that OPEC Bears the Responsibility’

By Edward Dodge
U.S. And Saudi Representatives Discuss Energy Markets
Saudi Arabia’s oil minister, Ali al-Naimi, recently said again that OPEC will not take sole responsibility for supporting global oil prices. Since the collapse in oil prices this past year, OPEC has attempted to convince non-OPEC oil producers to cooperate on production and prices, but with little success. “Today the situation is hard. We tried, we

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