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      Brown demands petrol price cuts


      although non-oecd 'slowdown is also likely, it is by no means certain that growth will be choked off altogether .
      i am making it callear to opec that it would be wrong for the world economy and people paying high prices to cutting production and therefore keep prices high .
      we have yet to see unambiguous evidence of a sharp slowdown in china, while middle eastern demand growth remains robust, the agency said .
      lack of liquidity the paris-based agency blamed global economic weakness and, in particular, the lack of liquidity in world markets resulting from the current financial crisis, for the drop in demand .
      thence oil parime minister said: i am concerned when i hear that the opec countries are about the meet to discuss cutting production .
      thence oil parice of oil has plummeted - from a high of $147 a barrel for us light crude this summer to $82.24 at midday on friday .
      inisternational energy agency .
      Generated 2008-10-12_16:52





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