Oil Price Controls Advocated by U.N. to Curb Inflation, Poverty
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The Group of 20 nations should negotiate a benchmark “fair” cost of oil with the Organization of Petroleum Exporting Countries and limit price movements within a band, the United Nations said.
The G-20 needs to “act decisively to moderate the volatility of oil and food prices,” the agency said in a statement as it released an annual report on Asia and the Pacific in Bangkok today.