Monday, July 9, 2007

OPEC has little power to ease oil prices - Algeria

(Reuters) - Algeria's Energy and Mines Minister Chakib Khelil said on Monday there was "not much" OPEC could do to bring down high oil prices as global crude oil stocks were already sufficient.

"There is plenty of stocks. It's a problem with capacity and refining," Khelil told Reuters ahead of a gas pipeline conference in Brussels.


Read more at Reuters Africa

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