OPEC Ready to Talk to Other Producers to Get `Fair' Price

Updated on
  • Producer group sees 'no quick fix' for market instability
  • Non-member nations would have to share burden of supply cut

OPEC, the producer of 40 percent of the world’s oil, renewed its readiness to talk to other crude exporters to achieve “fair and reasonable prices,” according to the group’s monthly magazine. Oil jumped to the highest in a month on the report.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.