Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tomas who wrote (64107)	4/9/2000 1:38:00 PM
From: Tomas	Read Replies (1) of 95453

Mexico's energy minister: "I believe a $25-$30 per barrel band is adequate" MEXICO CITY, April 7 (Reuters via energy24.com) - Mexico's energy minister, Luis Tellez has given a target range for world oil prices and said the country would co-operate with other major producers to achieve it. "There must be a price band, and I believe a $25-$30 per barrel band is adequate," said Tellez in testimony to Mexico's Senate. This compares to a $22-$28 a barrel price band that OPEC has said it will defend, and is higher than a $20-$25 range that Tellez supported in February. The $22-$28 range refers to the OPEC basket of oil. Mexico is not a member of the OPEC cartel of oil-producing nations. Tellez said, "I believe this would give stability; what is important is that the mechanism functions and has effective continuity". The minister said OPEC's decision to adopt policies for three months instead of a year gave the group the necessary flexibility to regulate prices using supply. slb.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next