JAKARTA (AFX-ASIA) – The president of the Organization of Petroleum Exporting Countries (OPEC) said the cartel will allow member states to raise output to stabilise high world prices. “We have a tolerance, they can increase their production in the framework of stabilising prices,” Purnomo Yusgiantoro, who is also Indonesia’s energy minister, told reporters. He said…
MARKETS: OPEC allows members to increase output to stabilise prices
Posted on March 16, 2004 by EnergyAsia