Tags: opec | economy | oil

OPEC: U.S. Must Fix Economic Mess It Made

Monday, 16 Mar 2009 07:57 AM

A senior OPEC official has challenged the US and other industrialized countries to clean up the global economic mess that he says they have caused.

OPEC Secretary General Abdullah el Badri says his organization has done its part by deciding Sunday not to cut output levels. But he says OPEC has not seen any positive results from the world's leading industrialized countries he says have created the problem.

El Badri spoke Monday, a day after the Organization of the Petroleum Exporting Countries decided to maintain current production levels unchanged. On Sunday, OPEC also said it would concentrate on eliminating overproduction by some members.

OPEC estimates that the world's supply of oil would be reduced by about 800,000 barrels a day, if all such overproduction was eliminated.

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
StreetTalk
A senior OPEC official has challenged the US and other industrialized countries to clean up the global economic mess that he says they have caused.OPEC Secretary General Abdullah el Badri says his organization has done its part by deciding Sunday not to cut output levels....
opec,economy,oil
126
2009-57-16
Monday, 16 Mar 2009 07:57 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved