It is now official. So yesterday Qatar had suggested that it would not be against an extraordinary meeting of the exporting countries of OPEC in Vienna on 18 November, the General Secretariat of the cartel announced Thursday in a statement that the Organization of oil exporters will hold a special meeting on this date in the Austrian capital.
The agenda: the global financial crisis and its impact on the oil market. "
"The organization is concerned about the deteriorating economic conditions, which could be" contagious, "said the official statement announcing the holding of an emergency meeting of the cartel, a month before its scheduled meeting on December 17 in Oran (Algeria).
"The problems of crisis-risk mortgages that have been observed long created a shock wave in financial institutions, causing large losses and increasing tensions on credit, which resulted in a deep financial crisis" , Said the General Secretariat of OPEC.
"While the malaise associated with this situation grows, the Organization of Petroleum Exporting Countries decided to hold an extraordinary meeting of the conference, Tuesday Nov. 18 in Vienna to discuss the global financial crisis, the World Economic Situation and its impact on the oil market ", announces he said.
This information had already been suggested Wednesday by the official Algerian APS and was confirmed Thursday, a few hours before the official announcement of OPEC, by the mouth of the Libyan Oil Minister Choukri Ghanem. ( Finance Information City )
October 12, 2008
OPEC: special meeting on November 18
It is now official. So yesterday Qatar had suggested that it would not be against an extraordinary meeting of the exporting countries of OPEC in Vienna on 18 November, the General Secretariat of the cartel announced Thursday in a statement that the Organization of oil exporters will hold a special meeting on this date in the Austrian capital.
The agenda: the global financial crisis and its impact on the oil market. "
"The organization is concerned about the deteriorating economic conditions, which could be" contagious, "said the official statement announcing the holding of an emergency meeting of the cartel, a month before its scheduled meeting on December 17 in Oran (Algeria).
"The problems of crisis-risk mortgages that have been observed long created a shock wave in financial institutions, causing large losses and increasing tensions on credit, which resulted in a deep financial crisis" , Said the General Secretariat of OPEC.
"While the malaise associated with this situation grows, the Organization of Petroleum Exporting Countries decided to hold an extraordinary meeting of the conference, Tuesday Nov. 18 in Vienna to discuss the global financial crisis, the World Economic Situation and its impact on the oil market ", announces he said.
This information had already been suggested Wednesday by the official Algerian APS and was confirmed Thursday, a few hours before the official announcement of OPEC, by the mouth of the Libyan Oil Minister Choukri Ghanem. ( Finance Information City )
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