Khelil expects oil prices to fall next year
2008-10-07
Organisation of Petroleum Exporting Countries (OPEC) President and Algerian Energy Minister Chakib Khelil expects oil prices to fall starting in the second quarter of 2009, due to shrinking demand and a worldwide production increase, local and international press reported on Monday (October 6th). Speaking during a visit to Tipasa, Khelil added that OPEC is due to meet December 17th in Oran to discuss the new situation and take the "appropriate" measures.
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