No emergency OPEC meeting before March 15 – official source

By NNN-WAM,

Vienna : An authorised source at the Secretariat General of the Organisation of Petroleum Exporting Countries (OPEC) Friday said oil ministers of the 12 member countries will not hold an emergency meeting ahead of the organisation’s ministerial meeting scheduled on March 15, 2009.


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The source who spoke on condition of anonymity said he did not see enough justification for such extraordinary or emergency meeting.

The source anticipated a significant decrease of around 200,000 bpd in global demand on crude oil this year.

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