March, Oil Production Bakal trimmed More

Selasa, 13 Januari 2009

OPEC will likely decide to cut production again in the upcoming meeting in March if oil prices continue to go down, Iran's representative for the Organization The State Oil (OPEC) states Sunday (11 / 1).

OPEC agreed months ago to reduce the production of 2.2 million barrels per day (BPD), to record a decline this far.

With the reduction, it has been since September OPEC output cut of 4.2 million BPD, or as much as 5% of global oil supply.

"If oil prices continue to go down, cutting production in March 2009 that it is not impossible," said Iran's OPEC Governor, Mohammad Khatibi, told the Iranian oil ministry internet Shana.

Oil prices down 2% to below U.S. $ 41 per barrel, Friday, after data showed a large increase in the number of unemployment in the U.S. economic prospects mempersuram world's largest consumer of oil.

Anjlok price of oil has more than U.S. $ 100 from the record high of U.S. $ 147 per barrel in July last year, following a weakening global economy that hit oil demand



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