OPEC will study the weak U.S. dollar on the oil cartel's earnings and investigate the possibility of a currency basket, Iran's oil minister said Sunday.
"We have agreed to set up a committee consisting of oil and finance ministers from OPEC countries to study the impact of the dollar on oil prices," Gholam Hussein Nozari told Dow Jones Newswires at a rare heads-of-state OPEC summit.
Iraq's Oil Minister Hussein al-Shahristani also confirmed that OPEC was forming the committee, which would "submit to OPEC its recommendation on a basket of currencies that OPEC members will deal with." He did not give a timeline for the recommendation.
…
No comments:
Post a Comment