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Saudi Oil Minister Al Naimi Opec Sec General El Badri

'Noble' OPEC Criticizes the International Energy Agency

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

OPEC is prepared to do little or nothing to help reduce the current level of oil prices. Their lack of willingness to hold the price at moderate levels gives the speculators a one way bet on ever higher prices.