VIENNA
UGG Classic Tall Metallic, June 23 (UPI) -- Members of the OPEC oil cartel should review production quotas in an effort to control soaring crude prices on the world market
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A report by the London-based Center for Global Energy Studies
www.laarzenugg.net, a think tank founded by Ahmed Zaki Yamani
UGG Ultra Short Laarzen, a former Saudi oil minister
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Oil prices soared over $147 per barrel of crude in 2008 before plunging below $40 as the global economic recession took hold. Since then
UGG Bailey Button Boots, however
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OPEC earlier this year agreed to hold to a production ceiling of slightly more than 24.5 million barrels per day
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The sixth OPEC meeting with the European Union kicked off Tuesday in Vienna to examine ways for further constructive exchanges to control oil prices.
Meanwhile
UGG Ultra Tall Laarzen, Saudi Arabia cut oil production by more than 300,000 barrels per day for April in an effort to control renewed volatility in the energy market.
The CGES report forecasts oil prices at $80 per barrel in the fourth fiscal quarter of 2009.Related articles: