Thursday, June 14, 2007

Algeria sees OPEC keeping output steady in September

(Reuters) - OPEC is expected to keep its oil output ceiling unchanged when it meets in September because the global crude market is well supplied, Algerian Energy and Mines Minister Chakib Khelil said on Thursday.

Khelil also told state radio that high oil prices were boosted by reduced refinery capacity, strong demand and geopolitical crises.


Read more at Reuters Africa

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