2. Those dealers who are interested to know more about the commision and indicators of oil sector, please dwonload the following documen...
The price of OPEC basket of twelve crudes stood at 39.54 dollars a barrel on Wednesday 21/1/09, compared with $39.34 the previous day, according to OPEC Secretariat calculations. 152nd OPEC meeting will be conducted on 15th March 2009, at vienna, Austria. We need to see, whether the OPEC members are going for further cut in thier productions to boost the demand. Earlier production cuts did not affect much as OPEC anticipated. The main reason is due to low demand from developed conuntries and slow economic activity from developing countries.
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