EU Economic Woes May Harm Global Oil Demand, Khatibi Tells Shana

The European Union’s economic woes may weaken global demand for crude oil, said Mohammad Ali Khatibi, Iran’s governor to OPEC, according to the Ministry of Petroleum’s news website Shana.

Crude producers and consumers are satisfied with current prices, Khatibi said in comments posted on the website yesterday. The Organization of Petroleum Exporting Countries is scheduled to meet in Vienna on Dec. 14 to set review output and set targets for 2012.

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