GECF wants to index natural gas to oilMinisters of Gas Exporting Countries Forum steer away from output quotas to boost prices; recession, US production increase, issues Alfred de Montesquiou Associated Press Writer
The world’s biggest natural gas-producing countries agreed on April 19 to try to index natural gas prices to oil, but steered away from any plan to establish output quotas as a way of tackling slumping prices.
The decision by the Gas Exporting Countries Forum, or GECF, meeting in Oran, Algeria, com....
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Decisions not binding Prices have dropped sharply
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