VIENNA (AFX) - OPEC's target price band for oil of 22-28 usd a barrel is effectively dead and 32-35 usd would "be a good price," OPEC president Kuwaiti Oil Minister Sheikh Ahmad Fahd al-Sabah said.
"What I can say is 22-28 dollars is not any more a target for OPEC," he told reporters upon arriving for an OPEC ministers meeting in Vienna on Sunday.
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"What I can say is 22-28 dollars is not any more a target for OPEC," he told reporters upon arriving for an OPEC ministers meeting in Vienna on Sunday.
ahe-msa/nh/lam
For more information and to contact AFX: www.afxnews.com and www.afxpress.com