DJ OPEC Pres Worried By Continuous Oil Demand Decline -Report

LONDON, Mar 10, 2009 (Dow Jones Commodities News via Comtex) -- OPEC is concerned about the continued decline in oil demand and is ready to make decisions to balance the market when it meets Sunday, the organization's president said Tuesday.

"The profound impact of the economic crisis on oil demand is proven by its continuous reduction, pushing up oil inventories despite the measures taken by OPEC countries to reduce the excess supply of oil on the market," Jose Botelho de Vasconcelos, who is also Angola's oil minister, was quoted as saying by state agency Angola Press.

"OPEC, on the eve of its meeting March 15...is ready to take the decisions that will result in the stability of the oil market," he added.

The Organization of Petroleum Exporting Countries decided last year to reduce its production by a total of 4.2 million barrels a day in three separate meetings.

-By Benoit Faucon, Dow Jones Newswires; (44) 207 842 9266; benoit.faucon@dowjones.com

(END) Dow Jones Newswires

Does your Company have a problem in recruiting the right person for the right chair?

Does your Company have a problem in recruiting the right person for the right chair? If yes, try this simple experiment.

Put around 100 bricks in some particular order in a closed room with an open window.
Then send 2-3 candidates into the room and close it from outside. Leave them alone and come back after 6 hours, and then analyze the situation:

~If they are counting and recounting the number of bricks -PUT THEM IN ACCOUNTS DEPT.

~If they have messed up the whole place with the bricks -PUT THEM IN THE ENGINEERING DEPT.

~If they are arranging the bricks in some other order -PUT THEM IN
PLANNING.

~If they are throwing the bricks at each other -PUT THEM IN OPERATIONS.

~If they are sleeping -PUT THEM IN SECURITY.

~If they have broken the bricks into pieces -PUT THEM IN INFORMATION TECHNOLOGY.

~If they are sitting idle -PUT THEM IN HUMAN RESOURCE DEPT.

~If they are clinging onto the bricks -PUT THEM IN TREASURY.

~If they say they have tried different combinations, yet not a brick has moved -PUT THEM IN SALES.

~If they have already left for the day -PUT THEM IN MARKETING.

Last but not least....

~ If they are talking to each other and not a brick has moved -PUT THEM IN TOP MANAGEMENT