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Page added on September 20, 2008

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WITNESS: Speculation and sandwiches as OPEC burns night oil

VIENNA (Reuters) – Most meetings of the Organization of the Petroleum Exporting Countries are tagged “extraordinary”, but some are more extraordinary than others. […] The 149th meeting of OPEC, held earlier this month at its Vienna headquarters, was officially an ordinary meeting, meaning it would cover unexciting regular business, such as accounts and appointments.

But as oil headed back down towards $100 a barrel and tensions mounted between some members keener to see a higher price than others, its complications became Byzantine even by OPEC’s standards.

Reuters



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