RealNews

Khelil says OPEC to hold regular meetings to solve crisis

OPEC president Chakib Khelil said late Thursday that it was obvious that the cartel needed to cut supply as demand has weakened and oil prices have plummeted, warning that unless action was taken oil prices would fall further. Khelil, speaking to reporters in the Hassi Messaoud region, would not say how much of a cut he thought OPEC ministers would agree to when they meet on October 24 for an emergency conference, brought forward from November 18 after prices slid to their lowest level in 13 months. (Full Story)

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