Angola for higher oil price

LUANDA - Angola, as Opec president from January, will lead from the front in the group's drive for higher oil prices, its oil minister said.

LUANDA - Angola, as Opec president from January, will lead from the front in the group's drive for higher oil prices, its oil minister said.

"We are in a crisis. The price of oil has reached levels that Opec members want to see improve during our presidency," Botelho de Vasconcelos said in Angola yesterday.

"We will try to maintain that stance," he said, adding that policy depended on the circumstances of the time.

Opec oil ministers agreed on their deepest output cut ever on Wednesday, cutting 2,2million barrels a day from markets in a race to balance supply with dwindling demand for fuel. - Reuters

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