Too soon for OPEC to act on prices - Libya
Wednesday, May 19, 2010
Shokri Ghanem, the head of Libya's NOC state energy firm and its representative to the Organisation of the Petroleum Exporting Countries, said part of the reason for the fall in prices was members' failure to fully comply with output quotas.
Asked about how OPEC would respond to the fall in prices, Ghanem told Reuters by telephone late on Monday: "We are still looking at the market before taking any decision."
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