Opec Postpones Action On Key Issues
OPEC ministers face some troubling questions but no easy answers as they look for ways to keep the cartel, and its share of the world oil market, from shrinking.
Oil ministers finished their summer meeting Tuesday by saying solutions to these problems must wait for another day.
The main item on OPEC’s agenda was the future membership status of Gabon, a tiny producer that says it wants out of the group unless its membership dues are reduced.
OPEC Secretary General Rilwanu Lukman of Nigeria said ministers are hoping to keep Gabon in the fold, but he would not say how.