OPEC president rules out output hike
OPEC president Chakib Khelil said on Friday it was illogical and irrational to ask the oil cartel to increase output so as to take the pressure off soaring prices, the Algerie Presse Service (APS) news agency reported.
By Agencies |
ALGIERS: OPEC president Chakib Khelil said on Friday it was illogical and irrational to ask the oil cartel to increase output so as to take the pressure off soaring prices, the Algerie Presse Service (APS) news agency reported.
"To ask the oil producers to increase their output is illogical and irrational," Khelil was quoted by APS as saying ahead of a meeting Sunday in Jeddah of oil producers and consumers to discuss record high prices.
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